SQUAWK/NEWS
Account
Theme
Account
Menu
Live News FX ARTICLE M impact

Analysts say Poland fuel price cap may lower inflation pressure

Analysts said a fuel price cap introduced after Poland’s windfall tax approval could reduce inflation pressure and lessen the need for higher central-bank rates this year.

Analysts said on Friday that a fuel price cap introduced after the Polish president approved a windfall tax on energy firms will help lower inflation toward the target range, easing pressure on the central bank to raise rates this year. Before the move, a significant rise in fuel prices was contributing to inflation pressure, the analysts said.