Poland inflation rises to 4.0% y/y in September, fuel prices jump
Polish inflation accelerated to 4.0% y/y in September from 3.4% in August, exceeding the 3.5% upper limit. Fuel prices rose 36.1% y/y and 9.2% m/m; analysts expect 4.1%.
WARSAW, Sept 30 (Reuters) — Polish inflation accelerated above a government upper limit in September, according to official data published on Wednesday, primarily due to rising crude oil prices, increasing pressure on the central bank to consider tightening monetary policy. 5% upper limit of the permissible deviation from the inflation target, the statistics office reported. 1%. 2% month-on-month in September.
The Monetary Policy Council may leave interest rates unchanged in October, with discussions on a potential tightening of monetary policy beginning in November when the central bank releases new inflation forecasts, analysts said. "Our current baseline scenario assumes 50-basis-point rate hikes in early 2027," ING analysts wrote in a commentary. 75% in September, maintaining its cautious approach as rising commodity prices and increased energy costs create a risk of a higher inflation rate. net/)