IMF sees no need for interest rate hikes nor inflation threat in Poland.

By bne IntelliNews March 16, 2010
The International Monetary Fund (IMF) does not expect any significant acceleration of inflation in the Polish economy and its expects inflation to remain around the mid-point of the central bank's inflation target's band (2.5% +/-1pp). Hence, the IMF deems that the Monetary Policy Council (RPP) should retain its neutral bias - its inflation forecast suggest that "a rise in rates would not be warranted any time soon." The RPP kept interest on hold in February (at 3.5% in the case of the key market intervention rate) and is expected to leave them flat at least by late 2010, though it might change its policy bias to tightening from neutral within the next few months. ISB, tom

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