Polish governor says inflation will rise slower than expected

Poland’s policy rate remains unchanged as inflation stays negative

Marek Belka at National Bank of Poland
Governor Marek Belka

Negative inflation in Poland will end later than the central bank had expected, governor Marek Belka told a press conference in Warsaw yesterday. Belka was speaking after the National Bank of Poland's monetary policy council agreed to keep the country's policy rate at 1.5%.

Belka said he would have to "suspend, or at least weaken" his promise that Poland would see "limited inflation" beginning in December 2015 or January 2016. An end to negative inflation would come "slightly later" than

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