MPC leaves interest rates unchanged

APA - Austria Presse Agentur
30-03-2006, 17:05

Warsaw (Puls Biznesu) – The decision of the Monetary Policy Council (MPC) to leave the interest rates unchanged did not surprise the market. Analysts differ however in their forecasts for the future.

Warsaw (Puls Biznesu) – The decision of the Monetary Policy Council (MPC) to leave the interest rates unchanged did not surprise the market. Analysts differ however in their forecasts for the future.

The MPC main interest rate at 4 percent, or 75 percentage points below its peer in the USA. Analysts explained the move by unfavorable political climate and economic growth. Bartosz Pawlowski, ING BSK economist, believes that the rates will be further reduced this year.

“They will fall by 25 base points, probably in April or in summer when inflation gets close to zero”, he said.

However Piotr Bujak, BZ WBK economist, there will be no further cuts in the near future.

“The MPC will have no reasons to further reduce the cost of the money”, Piotr Bujak believed.

The good economic situation is reflected by the business sentiment index published by Lewiatan, the confederation of private employers (PKPP), which rose to 54 points in March. The 50 point index equals to 3-3.5 percent GDP growth.

“Economy is good and good conditions for companies will remain unchanged till the end of this year”, Stanislaw Kubielas, PKPP expert said.

 

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Podpis: APA - Austria Presse Agentur

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