Poland’s macroeconomic policy should just focus on bringing down inflation so it hits the central bank’s target, a member of the rate-setting Monetary Policy Council (RPP) has told an economic forum in Warsaw.
Inflation in Poland came to 17.2% in January, well above the target rate of 2.5%, plus/minus 1%.
“What should happen, and happen as soon as possible, is a serious attempt at disinflationary policy,” said Ludwik Kotecki. “I’m not talking just about the monetary policy. The whole macroeconomic policy should focus on one priority, lowering inflation down to the target, or at least very close to the inflation target.”
But doing this, he warned, might be a “very difficult process and it may take several years”. (PAP/Business World Magazine)