WARSAW, March 10 (Reuters) - The Polish central bank's
new inflation projections give no reason to predict that
interest rates will fall in autumn, rate-setter Przemyslaw
Litwiniuk said on Friday, countering suggestions to that effect
by the bank's governor.
The central bank's latest projections show inflation falling
to its target range only in 2025. But on Thursday, Governor Adam
Glapinski said he hoped it would be possible to cut interest
rates in the fourth quarter of this year.
Litwiniuk told private broadcaster TOK FM the new forecasts
were made using the assumption that interest rates in the
horizon projection stay at an unchanged level of 6.75%.
"So any thinking that... in the autumn there will be
conditions for loosening monetary policy, in particular to lower
interest rates, would be contrary to the assumptions of the
projection presented today," he said.
"There is no reason today to predict monetary policy
easing," he added.
(Reporting by Alan Charlish; Editing by Hugh Lawson)
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