Polish fixed investments probably improved for the first time this year in the third quarter, economists said.
Poland’s rate increase last week marked a “return to normal” because it restores positive real interest rates and buttresses confidence in price stability, central bank Governor Marek Belka said today.
Poland’s inflation rate probably fell to the lowest since August 2007 last month as manufacturing declined, strengthening expectations the central bank will keep its key interest at a record low.
Polish corporate wage growth slowed in May from a 16-month high, suggesting the central bank may not need to override its governor’s preference for taking a break from increasing interest rates.
Polish industrial output growth accelerated in February on demand from the euro area while producer prices jumped, boosting the zloty on expectations domestic borrowing costs may rise.