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The Warsaw Voice » Business » November 27, 2012
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Rate council likely to cut rates in December - rate setter
November 27, 2012   
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Poland's Monetary Policy Council will likely continue the easing cycle launched in November and cut interest rates at the December sitting, MPC member Jerzy Hausner said in an interview for central bank's news portal obserwatorfinansowy.pl.

". . . we should have positive real interest rates," but as "at the end of 2012 a visible decline of inflation can be expected, therefore it is advisable to cut interest rates," the rate setter said. "Such an opinion has been expressed on numerous occasions by the President of the central bank NBP and I fully agree with Marek Belka."

Poland's rate council opened an easing cycle at the November sitting, erasing the 25 bps it added to rates as recently as the May sitting.
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