The Monetary Policy Council will present its decision today after a two-day meeting. We learn, for example. what almost all borrowers expect, i.е. what’s next for interest rates.
Today, the Monetary Policy Council will conclude a two-day decision-making meeting. Around 15:00, announcement of interest rates, i.e. key information for borrowers.
interest rates. What will the IPC do?
Despite the fact that voices are increasingly being heard that the Monetary Policy Council may begin to reduce the level of interest rates, the May meeting of the NBP body will probably not bring such a decision yet.
The main argument of supporters of lowering interest rates is the slowdown in inflation. Rebound from the level of almost 20 percent. made some commentators dream of the first interest rate cut. Analysts at mBank Rearch have cited this type of retreat.
“In our view, the debate about whether inflation will be in single digits or double digits at the end of the year is odd or even outright harmful.” mBank analysts wrote in a column. This is how they reacted when the public debate increasingly began to talk about the limit of 10 percent. inflation is critical to the MPC. They don’t think so.
“The devil is in the details. If simple rules were enough to manage monetary policy (momentum approaching zero, falling below a certain number, etc.), we could trust the algorithms rather than the finance guys. economists wrote, pointing out that a change in one indicator cannot be the basis for making such important decisions.
No interest rate cut
Most experts are of the opinion that the Monetary Policy Council will not cut interest rates in the near future. Some experts point to a political thread. According to such scenarios, cuts will begin in the summer so that the effect is visible before the autumn parliamentary elections.
However, it should be remembered that officially the Monetary Policy Council is a non-partisan body.
Source: Wprost
I am George Brown, author at Daily News Hack. I mostly cover economy news and I have been doing this for quite some time now. I have a lot of experience in this field and I’m always looking for new opportunities to learn more.
