Poland faces no deflation threat- central bank head
April 7, 2014
Poland is facing no deflation threat given the current net inflation readings and economic recovery, with GDP growth likely exceeding 3% in Q1, central bank NBP head Marek Belka said on Friday.
"I don't think that Poland could face deflation because the so-called net inflation excluding food and fuel prices is staying around 1.0% - it is very low, but it is not falling to null," Belka said.
Moreover, "experts' inflation expectations are around 1.7%, that is also important, while the economy is, all in all, rebounding," he said.
Poland's GDP growth in Q1 probably exceeded 3%, Belka said.
"This is no bonanza, but it is still incomparably faster than in the euro-zone economy," he said.