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Author: Don Obrien

Polish Finance Ministry: Robust Demand May Keep CPI High in 2022


Strong domestic demand stemming from fast recovery may reduce expected slowing of inflation in 2022, Finance Ministry says in draft budget for 2022 published on website.

  • Ministry assumes now consumer prices growing 3.3% in 2022, in line with central bank’s projection
  • While ministry raised its 2021 inflation forecast to 4.3% due to supply pressures and rise of energy prices after pandemic, it expects such factors to lose steam next year
  • Assumes MPC will start raising official interest rates in beginning of 2022
  • Assumes EUR/PLN rate unchanged at 4.54, which may be “conservative” scenario given strong fundamentals of Polish economy
  • Sees …



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Oliver Bolt

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