The panel earlier delivered a string of rate hikes in an effort to contain surging consumer prices.
The Monetary Policy Council in September last year raised key interest rates for the 11th consecutive time in a bid to tame inflation.
The reference rate at the time went up by 25 basis points to 6.75 percent, from 6.50 percent, amid rising inflation.
Inflation in Poland hit 16.2 percent in March, according to a flash estimate by the country’s statistics office.
Poland’s central bank chief, Adam Glapiński, last month renewed his prediction that inflation would drop to the single digits by the end of 2023.
The Polish central bank said in its latest Inflation Report, released on March 10, that inflation would average at 11.9 percent this year, followed by 5.7 percent in 2024 and 3.5 percent in 2025.
Poland's Prime Minister Mateusz Morawiecki said in October 2021 that he expected “an appropriate response” from the central bank to the fastest price growth in the country in 20 years.
(gs)
Source: IAR, PAP
