WARSAW (Thomson Financial) - Poland's central bank could raise interest
rates at its May meeting if data on the economy over the next month prove
strong, Dariusz Filar, seen as a hardline supporter of further monetary
tightening on its policy council, said today.
"The council sent a signal that this is a break in the tightening cycle and
not its end. A rise in May is possible if the data will be strong," Filar told
private Radio PiN in an interview.
"This hike should be made at latest in June. The June inflation projection
will show us whether going to 6 percent is enough, or whether further moves will
not be ruled out."
The bank as expected kept interest rates on hold at its monthly meeting last
week, pausing with monetary tightening for the first time in four months after a
series of softer economic data in the country of 38 million.
Its main borrowing rate now stands at 5.75 percent.
pawel.sobczak@thomsonreuters.com *48 22 447 2430
pjg/lam
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