Economics
War in Ukraine Casts Doubt Over Polish Rate Hike, Zyzynski Says
- Zyzynski sees no arguments to continue aggressive tightening
- More hikes mean risks of larger economic slowdown, he says
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Poland should think twice about whether to hike interest rates in March as Russia’s invasion of Ukraine raises economic uncertainty and offsets inflationary risks, according to policy maker Jerzy Zyzynski.
Governor Adam Glapinski has vowed to ask the Monetary Policy Council to lift the benchmark rate on March 8, which would be the sixth straight hike as inflation reached a 21-year high and the economy expanded more than forecast last year.