Inflation report,Polish January Inflation Was Slowest in 15 Months, Survey Shows

Poland’s inflation rate probably dropped to a 15-month low in January as economic growth slows, increasing the likelihood of further interest rate cuts.
The annual rate fell for a fifth consecutive month to 3 percent, according to the median estimate of 16 economists surveyed by Bloomberg. Consumer prices probably rose 0.4 percent in the month after falling 90.1 percent in December, according to the median estimate of eight economists. The Central Statistical Office will release the report at 2 p.m. today in Warsaw.
Economic growth is slowing in the European Union’s biggest eastern member state as its main export markets in western Europe struggle with recession and investors shun riskier emerging economy assets. The slowdown is also braking wage growth, easing inflationary pressure.

“We’ll see the inflation rate continuing to fall over the next few months,” said Maciej Reluga, the chief economist at Bank Zachodni WBK, by phone. “The economic slowdown is really
significant.”

The central bank has cut the benchmark seven-day reference rate by 1.75 percentage points since November to 4.25 percent in an effort to boost economic growth. Reluga said another reduction can be expected this month.
The Polish Finance Ministry said earlier this month it expected an annual inflation rate of 3.2 percent in January.

[Sigmaforex Promotions]

Sigma has come up with different promotions:

Forecast and Win an Account.

Practice Competition.

Revolutional Bonus Era.