WARSAW, Jan 22 (Reuters) - Poland should not wait with further rate cuts, central bank rate-setting panel member Jerzy Osiatynski was quoted as saying on Thursday, adding he saw room for an overall lowering of 50-75 basis points.
“The expected move by the European Central Bank (ECB) should prompt us to lower rates,” Osiatynski told state agency PAP.
“I said earlier that I see room for cuts of 50-75 basis points. I‘m no saying that it has to be done in one move. But I think that what happened in Switzerland is a signal to do it rather sooner than later.”
Poland’s central bank left its main interest rate unchanged at 2.0 percent earlier this month. (Reporting by Adrian Krajewski)