Economics
Poland Won’t Tame Inflation at All Costs, Central Bank Chief Says
- Governor backs additional hikes in 50 basis-point steps
- Benchmark rate could rise to 3% or even 4%, if economy strong
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Poland has room to raise borrowing costs further, central bank Governor Adam Glapinski said, adding that future rate moves will ultimately be determined by incoming policy makers.
Glapinski said on Wednesday that he would favor at least one more rate hike of 50 basis points, arguing that benchmark could “safely” end the tightening cycle at 3% or even 4%.