Polish central bankers split on need for rate hike after low CPI number |
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Thu, 13 Sep 2007 13:44
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WARSAW (Thomson Financial) - Two members of Poland's central bank policy council were divided on the impact of a surprisingly sharp fall in inflation in August to 1.5 pct, the bottom of the bank's 1.5-3.5 pct target range.Miroslaw Pietrewicz, who has voted against some of the bank's rises in interest rates this year, said it was possible that the council would not have to raise rates again.'These are very good data, they give the council a comfortable position and time to observe the situation calmly,' said 'It may turn out that the rises in interest rates we have made this year will be enough.'Fellow council member Marian Noga, who has supported the bank's 75 basis points in rises to date, maintained his call for rises in rates to 5.5 pct from the current 4.75 pct by the middle of next year.'These data do not change the picture my view,' he said.August inflation had been forecast at 1.9 pct by the market.adrian.krajewski@thomson.com *48 22 447 2430pjg/jmsCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Czech central bank raises key interest rate by 25 basis points to 3.25 pct 