Consumer inflation will likely remain in the range of 2.5-4.0% for some time, but, in order to prevent it from accelerating further than that, interest rates should be raised sooner rather than later, member of the Monetary Policy Council (RPP) Halina Wasilewska-Trenkner, seen as a "hawk," said in an interview with the daily Rzeczpospolita .
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The Monetary Policy Council (RPP) has raised interest rates by 25bps across the board, as expected, to 5.00% in the case of the key market intervention rate as it expects further rise of wage pressures and, as a consequence, CPI pressure, which will likely lead to headline inflation's remaining above the path envisaged in the central bank's October CPI projection, the National Bank of Poland (NBP) said in a communiqué after the RPP's sitting.
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