Poland still has room for rate cuts - rate setter
February 25, 2013
Poland still has room for monetary easing in absence of second-round effects but any indication of future inflation pressures appearing in the next projection might require a switch to a "wait-and-see" approach in some time, Monetary Policy Council member Anna Zielinska-Glebocka told broadcaster TVN CNBC.
"The situation on the labor market shows that there will be no second-round effects and that is an argument for monetary easing," Zielinska-Glebocka said.
"It cannot be ruled out that we should start this policy of wait-and-see in some time, watching what will happen," she said. "But for now, in my opinion, there is still certain room for easing."
Poland's Monetary Policy council has taken 100 bps from official interest rates to 3.75% in four consecutive moves in an easing cycle begun in November 2012.