WARSAW: The Polish central bank’s next move in interest rates might be a cut, central banker Jerzy Zyzynski said, adding there was currently no reason to change the level of interest rates.
Glapinski said earlier in March that he saw no reason to raise rates until the end of 2020, given current forecasts, and also suggested the next move might be a rate cut .
“I agree with Glapinski,” Zyzynski said in comments authorised for release on Thursday. “I think that we have no reasons to change interest rates because the economy is stable and it is growing.”
Asked if the next rate move would be a cut, Zyzynski said, “I do not exclude this”.
Derivatives markets are pricing in stable rates this year and about 40 basis points of monetary tightening until the end of 2019.
