(Adds background on inflation forecasts, quote)
WARSAW, March 10 (Reuters) - The latest inflation
projections from Poland's central bank do not give grounds to
leave rates unchanged, Monetary Policy Council (MPC) member
Joanna Tyrowicz said on Friday.
Tyrowicz, one of the MPC's most hawkish members, also said
that if the main rate was raised to 7.0% it would not be enough
to bring inflation back to target within the monetary policy
horizon.
According to the National Bank of Poland's latest inflation
report, price growth will return to its target range of 1.5-3.5%
in 2025.
"Does such a projection justify leaving interest rates
unchanged? In my opinion it doesn't," she was quoted as saying
by state-run news agency PAP during a meeting at the Warsaw
School of Economics.
Analysts polled by Reuters expect the main interest rate to
remain stable at 6.75% until the end of 2023. On Thursday,
Governor Adam Glapinski said he hoped that it would be possible
to cut rates in the fourth quarter.
"At the moment... I consider it irresponsible to discuss
interest rate cuts," PAP quoted Tyrowicz as saying.
(Reporting by Alan Charlish; Editing by Alex Richardson and
Christina Fincher)
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