Poland Set For Inflation Fall
A senior official from the Polish central bank said Tuesday he expected the inflation rate to fall to quickly fall from the middle of the year.
Monetary Policy Committee member Dariusz Filar was quoted by the PAP news agency as saying the inflation rate would fall to the central bank's target range of 1.5 percent to 3.5 percent.
"The summer months, I assure you, will be a period of quick disinflation and the inflation index will fall at least to the range," Filar was quoted as saying.
Analysts said Filar's remarks reduced the chances for further interest rate hikes in the coming months.
Interest rates were raised by 125 basis points last year to 6.5 percent but have been held steady since August. The central bank retains a tightening bias for its monetary policy but is widely expected to shift its bias to neutral in the coming months.
Poland's inflation rate was 4.4 percent in December.