The inflation projection of the National Bank of Poland (NBP) assumes that there is a 50% probability that inflation will fall in the range of 9.3-12.2% in 2022 (against 5.1-6, 5% in the November 2021 projection) and 7-11% in 2023 (compared to 2.7-4.6%), according to the statement after the meeting of the Monetary Policy Council (MPC).
The Council got acquainted with the results of the March projection of inflation and GDP based on the NECMOD model. According to the projection – prepared under the assumption of unchanged NBP interest rates and taking into account the data available until March 7, 2022 – there is a 50% probability of annual price growth in the range of 9, 3-12.2% in 2022 (as compared to 5.1-6.5% in the November 2021 projection), 7-11% in 2023 (compared to 2.7-4.6%) and 2 , 8-5.7% in 2024, it was announcement.
In turn, according to the projection, the annual GDP growth rate will be 50% likely in the range of 3.4-5.3% in 2022 (against 3.8-5.9% in the November 2021 projection), 1 , 9-4.1% in 2023 (compared to 3.8-6.1%) and 1.4-4% in 2024.
Source: ISBnews
