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Poland’s Hardt Sees 50 Basis-Point Rate Hike in January

  • Main rate was raised this week for a third straight month
  • MPC member say inflation may peak in December above 8%
A large banner outside Poland's Central Bank in Warsaw, Poland.

A large banner outside Poland's Central Bank in Warsaw, Poland.

Photographer: Piotr Malecki/Bloomberg
Updated on

Poland will probably raise its main interest rate by 50 basis points in January, which would mark a fourth consecutive monthly increase, said Lukasz Hardt, a member of the Monetary Policy Council. 

In an interview with RMF FM radio on Saturday, Hardt said Poland will likely need more increases to fight high inflation. The nation’s consumer price index may peak in December at slightly above 8%, he told the broadcaster, adding that he doesn’t expect the gauge to reach double digits.