National Bank of Poland’s governor says the current level of interest rates is adequate

From think.ing.com

Commenting on the factors behind the Monetary Policy Council’s decision, central bank governor Adam Glapinski noted that inflation declined to 3.1% year-on-year in May and remains within the range of acceptable deviations from the target. Inflation is being pushed up by higher fuel prices, reflecting the rise in oil prices in response to the conflict in the Middle East. At the same time, the NBP governor noted that in recent weeks, expectations of a peace agreement have strengthened, and oil prices have eased somewhat. Glapinski reiterated that the increase in oil prices constitutes a strong supply-side shock to ... (full story)