Polish Prime Minister Mateusz Morawiecki said on Friday that inflation may fall below 6% by the end of 2023 and the Monetary Policy Council may further cuts interest rates.
Polish headline inflation slowed in September to a single-digit rate for the first time since early 2022, preliminary data from the statistics office showed on Friday, supporting bets the central bank would again cut interest rates next week.
Inflation in Poland was 8.2% year-on-year in September, below a forecast of 8.5%.
"I think after this very good reading that it (inflation) may even drop below 6%, or maybe around 5%, in just a few months, which means that it will return to normal very quickly," Morawiecki told private broadcaster Polsat News.
" ... it is not my place to comment and direct monetary policy, because this is an exclusive competence of the National Bank of Poland, but I suspect that interest rates will continue to fall, and loan instalments will also fall along with them."
In September, the Polish Monetary Policy Council surprised markets by cutting interest rates by 75 basis points, much more than expected. (Reporting by Pawel Florkiewicz Editing by Mark Potter)