Poland’s CPI reading fell heavily in October by 0.6 percent. While the decrease didn’t come as a surprise to market analysts, inflation did hit a record low. Analysts are pointing to decreasing energy prices as the chief cause of the drop, and are now bracing for additional interest rates cuts from Poland’s monetary council in the near-term.
The recent data have also raised fears of deflation among Warsaw Stock Exchange investors. The Warsaw Stock Exchange’s benchmark index, the WIG 20, fell to 2,400 points, with analysts predicting the downtrend may deepen.
