Trzaskowski does not save Glapiński. It went for interest rates

At the beginning of March, the Monetary Policy Council (RPP) for the 16th time in a row decided to maintain interest rates at the current level. For the last time, the body reduced interest rates in October 2023. Since then, the main reference rate has been in the amount of 5.75 percent.

Trzaskowski criticizes Glapiński on interest rates

The activities of the MPC, or more precisely its chairman Adam Glapiński, criticized the presidential candidate Rafał Trzaskowski during today’s meeting with entrepreneurs associated in the American Chamber of Commerce in Poland (Amcham). The President of Warsaw estimated that interest rates “should be lower” and their current level limits investing possibilities.

– And it is a paradox that with inflation, which was 20 percent, the president (Glapiński – ed.) Lowned interest rates, and today he does not want to do it for purely political reasons and we all know that this unfortunately limits the possibility of investing – Trzaskowski said, quoted by 300polityka.pl.

Public members of the MPP recently talked about the possible date of interest rates.

In an interview with the Reuters agency, Henryk Wnorowski said that the MPC could reduce interest rates at the beginning of the third quarter after the publication of a new inflation projection, which is planned for July.

– At present, after the relative improvement of my assessment resulting from the February reading compared to what was due to the March forecast, I would prefer to see it closer to the beginning of the third quarter than the end – said a member of the MPC.

According to Wnorowski, the very start of interest rate discounts is more important than their scale. According to him, there will be no need for these movements to be greater than the standard minimum size of 25 base points.

Another member of the MPC prof. Przemysław Litwiniuk said in an interview with RMF FM that the scenario of the interest rate reduction before the holidays “is not excluded”. In his opinion, “you can expect a walking reduction in interest rates”. – Recent weeks bring a lot of information that order to correct the look into the future – said prof. Litwiniuk.