The latest CPI inflation reading in Poland for December is in line with forecasts, both month on month (0.00%) and year on year (2.4%).
The data show a slightly weaker price increase compared with the final November readings, which stood at 0.1% month on month and 2.5% year on year. Yesterday, the Rada Polityki Pieniężnej (MPC) decided to keep interest rates unchanged in order to assess the effects of earlier rate cuts, which have totaled 1.75 percentage points since May last year.
Somewhat weaker-than-expected macroeconomic data at the start of the year, combined with inflation remaining within the Narodowy Bank Polski (NBP) target, will provide arguments for the more dovish members of the MPC in favor of further interest rate cuts in the coming months.
Source: https://ceo.com.pl/inflacja-w-polsce-utrzymuje-sie-w-ryzach-73641
