Polish rate-cut chances diminish as April inflation accelerates
Updated
Updated · Bloomberg · Apr 30
Polish rate-cut chances diminish as April inflation accelerates
7 articles · Updated · Bloomberg · Apr 30
Policymaker Ireneusz Dabrowski said inflation rose to 3.2% from 3% in March, above analysts' 2.9% forecast.
The stronger-than-expected reading suggests higher energy costs linked to the Iran war are beginning to spread through the wider Polish economy.
The data weakens prospects for near-term monetary easing in Poland as policymakers weigh persistent price pressures against any case for lower borrowing costs.
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