January is not a very indicative month

Business activity usually declines at poland telegram data this time. The next rate meeting is on February 14. Will you have indicative data on lending for the next meeting?

We will have operational indicators, we will continue to receive information from banks and the real sector. The situation is, indeed, somewhat complicated by the fact that January and February are not the most indicative months in terms of credit activity. We must also take this into account when drawing conclusions about the situation in lending. But it is always possible to compare the figures for the current January with the figures for January of last year or previous years, take this seasonality into account and draw conclusions based on this.

 

 Annual inflation, according to the latest data

is 9.5%. When do you expect the peak of annual inflation to be reached and at what level?

— Due to the base effect, i.e. the relatively low rate of price growth at the beginning of last year, it is highly likely that we will see an increase in the annual inflation rate during the first quarter of 2025. At the same time, the current rate of price how to make sure people double opt-in growth will slow down. Annual inflation will probably peak in April, after which, in year-on-year terms, inflation will begin to actively decline.

Disinflationary trends begin to manifest

themselves and a slowdown in inflation be observed?

“I think that throughout the first half of the year we will see a disinflationary trend that will grow as the effect of tightening monetary america email conditions and cooling lending becomes increasingly evident.

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