Categories: India

UPDATE 1-Two Polish central bankers urge caution on rates

(Adds details and quotes in paragraphs 3-8) WARSAW, Oct 15 (Reuters) – Poland's central bank is more likely to leave rates on hold in November than cut them again, Monetary Policy Council member Henryk Wnorowski told Bloomberg in an interview published on Wednesday, while another policymaker also urged caution. Following a quarter-point rate cut in October, central bank chief Adam Glapinski said that there was still some room for cuts, but it remained uncertain whether such a move would happen in November. Both Wnorowski and fellow MPC member Gabriela Maslowska told Bloomberg in separate interviews that loose fiscal policy could stoke inflation. "At the moment it seems to me that leaving rates unchanged in November is more likely than cutting them," Wnorowski said. However, he did not rule out a cut next month if the central bank's forecast does not show much upward pressure on inflation. Maslowska said that while policymakers had to be "very cautious", she expected the central bank's main interest rate to fall gradually to around 4% next year from 4.50% now. (Reporting by Anna Wlodarczak-Semczuk and Alan Charlish Editing by Tomasz Janowski)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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