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The Warsaw Voice » Business » April 6, 2018
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Rates hike not possible
April 6, 2018   
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Poland's 1.3% CPI flash reading for March definitely rules out an interest rate hike in 2018 and reduces chances for an upward move in 2019, according to bank PKO BP economists.
Interest rates should go up late next year as Polish rate-setters will want to react accordingly to a likely rate hike in the euro zone in H2 2019, ING Bank economist Jakub Rybacki predicts.
Poland's average-annual inflation should settle at 1.6% in 2018, Plus Bank chief economist Wiktor Wojciechowski and his peer at brokerage DM AFS Damian Rosinski believe.
Core inflation likely slowed down to a 12 months low of 0.5-0.6% in March from 0.8% in February despite strong consumer demand growth and accelerating wage growth, economists estimate ahead of publication of the official data by central bank NBP on Thursday.
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