Central Banker Stands Firm on Interest Rates

Joanna Tyrowicz, a central banker in Poland, reiterated her opposition to interest rate cuts during an interview on Tok FM. She cited the ongoing surpassing of the inflation target as the primary reason for maintaining the current rates.

Tyrowicz emphasized that the current inflation rate is misaligned with the target, which precludes any considerations for rate cuts. Known for her hawkish stance on the Monetary Policy Council (MPC), she expressed that the council’s focus is on effectively managing inflation rather than simply bringing it down to the target.

In addition to discussing interest rates, Tyrowicz addressed the potential effects of the new U.S. administration’s economic decisions on Poland. She stated that these decisions should not have a direct impact on Poland’s economic situation.

However, Tyrowicz highlighted the importance of the economic health of Poland’s trading partners, particularly in Europe, recognizing that negative consequences faced by these partners from changes in economic policy could indirectly affect Poland’s economy.

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