Marcin Zalcki, a member of the Polish Monetary Policy Committee, said that the central bank's latest forecast shows that inflation will pick up, and he does not rule out the possibility of raising interest rates in December. “The probability of interest rate hikes early next year has increased significantly,” Zaltsky said in an interview. “I'm not ruling out the December rate hike either, but just to be clear, the Commission rarely adjusts interest rates at the last meeting of that year.” He said that the core basis for the trend towards tightening the policy comes from the central bank's latest forecast: inflation will greatly exceed the upper limit of the central bank's tolerance range. “It is increasingly necessary to act early to prevent high inflation from solidifying in market expectations.”

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