He said inflation would accelerate from 16.6% in December 2022 to 17% in January and 18% in February, which would be broadly in line with analysts' forecasts. (Reporting by Alan Charlish, Anna Koper, Pawel Florkiewicz Editing by David Goodman and Susan Fenton)
(Adds details, quotes)
WARSAW, Feb 10 (Reuters) - Polish interest rates are at
an appropriate level and there is no scope for cuts, central
banker Henryk Wnorowski said on Friday.
"I don't see space for rate cuts, I don't see space for
discussing cuts," he told broadcaster Biznes24.
"We believe that the current level of interest rates is the
most appropriate level to bring inflation down and move towards
the (inflation) target."
The National Bank of Poland (NBP) kept its main interest
rate at 6.75% on Wednesday for the fifth month in a row,
remaining in wait-and-see mode as it assesses the damage to the
economy caused by the war in Ukraine.
Central bank Governor Adam Glapinski said on Thursday that
inflation should start to slow sharply after the first quarter
and could fall to an annual rate of 6% by December, but that it
was still too early to talk about rate cuts.
"My optimism is close to the optimism of Governor
Glapinski," Wnorowski said. "I am sure that inflation will be in
single digits and I expect it earlier than at the end of the
year. In December it will be significantly less than 10%."
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