(Adds quotes and background throughout)
WARSAW, March 28 (Reuters) - There will be no hasty
lowering of interest rates in Poland, central banker Ireneusz
Dabrowski told state-run news agency PAP on Tuesday, amid
speculation over when the cost of credit could fall.
Although the National Bank of Poland (NBP) has not
officially closed the tightening cycle it began in 2021,
Governor Adam Glapinski has said further hikes were unlikely and
markets have focussed on when rates could come down.
Poland's Monetary Policy Council (MPC) holds its next
rate-setting meeting on April 4-5. The main rate has been at
6.75% since September.
"In my opinion, there will certainly be no hasty reduction
of interest rates," Dabrowski was quoted as saying. "We will
watch the changing economic situation very carefully and we
cannot afford to cut interest rates too quickly."
Dabrowski also said that it was too soon to definitively
close the hiking cycle.
"It seems that the current level of interest rates is
adequate and will stabilise the situation," he said. "However,
the current turmoil in the financial markets indicates that the
announcement of a final pause in the interest rate hike cycle is
still definitely premature."
(Reporting by Alan Charlish, Pawel Florkiewicz; Editing by Alex
Richardson)
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