The preliminary Consumer Price Index (CPI) inflation reading for June in Poland stands at 4.1%, which is 0.1 percentage points higher than both the previous reading and market expectations.
Such a surprise is likely to reinforce the Monetary Policy Council’s (RPP) decision to maintain the current interest rate level at its upcoming meeting, despite weak economic data released last week.
Author: Piotr Bawolski, CFA, Director of Strategic Clients, Michael / Ström Brokerage House
Source: CEO.com.pl article
