Friday, November 23, 2007

Big hike in Polish inflation

Polish inflation on the increase. What is more, the Polish central bank are about to hike rates. Other central banks should follow their lead.

Polish net inflation rises to 1.4 pct in October

WARSAW (Thomson Financial) - Poland's net inflation rose to 1.4 pct in October from 1.2 pct a month earlier, central bank data showed today, coming bang in line with analysts' expectations of 1.4 pct. Net inflation is the main measure of underlying price growth used by the central bank and excludes food and fuel prices, which have soared in recent months. Consumer price inflation rose faster than expected to 3.0 pct year-on-year last month, hardening market bets on a fourth rise in central bank interest rates when policymakers meet next week.