The leader of Poland’s ruling Law and Justice Party (PiS), Jaroslaw Kaczyński, has said he expects further interest rate hikes after three consecutive increases over the past three months.
In an interview published today, Kaczyński stressed that the central bank’s decision to start tightening its policy in October had been taken at the right time, although he and other cabinet members had wanted it earlier.
The three increases have brought the key interest rate to 1.75% from 0.1%.
Kaczyński, Poland’s deputy prime minister and de facto leader, also said he would like central bank governor Adam Glapiński to remain in office for a second term, even though the decision was in the hands of President Duda.
“There are many reasons to believe that the move by the central bank of Poland to raise interest rates came at the right time, although I must admit that it was the subject of a dispute between the bank and the government,” Kaczyński said in an interview with interia. pl.
“In the government, we thought it should have been done earlier,” he added.
“We have had three interest rate hikes. I think there will be more, but that is only my business, I have zero influence on this decision,” Kaczyński said.
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Source From: Capital
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