December 5, 2017 / 4:31 PM / a year ago

Polish governor expects rates to stay flat until end of 2018

WARSAW, Dec 5 (Reuters) - Interest rates in Poland will likely remain unchanged until the end of 2018 if current central bank forecasts are confirmed, the bank’s Governor Adam Glapinski said on Tuesday, reiterating his previous stance despite a November jump in inflation.

“The data do not... change my stance,” Glapinski told a news conference after the bank decided to keep rates unchanged.

“I expect that until the end of 2018 interest rates will remain at their current level if the projection is close to reality,” he said, referring to the central bank’s forecasts for inflation and economic growth. (Reporting by Bartosz Chmielewski and Pawel Sobczak; Writing by Marcin Goettig; Editing by Lidia Kelly)

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