Poland’s Monetary Council (Rada Polityki Pienieżnej) left the interest rate unchanged in March, matching market expectations that the 4.5% rate would remain as is. However, the country’s inflation rate has stayed relatively high at 4.3% amidst expectations that it could fall slightly in the coming months. PKO BP’s chief economist Radosław Bodys says there’s a 30% chance interest rates could rise soon, as recent data suggest that consumption is falling.
