Economists have different opinions on how Fed’s decision will influence interest rates in Poland. Yesterday in the morning it seemed that this year, interest rates in Poland would grow by 1 percentage point to 6 percent. Now, it is not so sure that the Monetary Policy Council will act so decisively. Some economists believe that MPC won’t pay attention to US markets.
“Decisions of central banks in Poland and the USA are two different worlds. The cut won’t have any influence on MPC. Our situation is simple: economy grows dynamically, consumption and wages grow, which increases inflation pressure. The council has to fight against quickly growing prices”, Marcin Mroz, Fortis Bank chief economist said.
Jaroslaw Janecki, Societe Generale chief economist, believes the stame.
Some economists, however, have a different view.
“MPC members will have to take into account Fed’s decision. Rate increases won’t be higher than 0.5 percent. Discrepancies among rates in Poland, the USA and the Euroland would be too big”, Maja Goettig, Bank BPH economist believed.
Lukasz Tarnawa, Bank BPH chief economist agrees.