GBAF Logo
Top Stories

Polish c. banker Kotecki says rates should be several percentage points higher

Published by Uma Rajagopal

Posted on October 14, 2022

1 min read

· Last updated: February 3, 2026

Add as preferred source on Google
Exterior view of the Polish Central Bank building in Warsaw, reflecting interest rate discussions - Global Banking & Finance Review
The image showcases the Polish Central Bank building in Warsaw, where central banker Ludwik Kotecki emphasizes the need for higher interest rates amidst rising inflation. This image highlights the key institution involved in Poland's financial policy decisions.
interest rates monetary policy financial markets
Global Banking & Finance Awards 2026 — Call for Entries

WARSAW (Reuters) – Polish central bank has several percentage points of space to increase interest rates as inflation is set to keep rising and Poland doesn’t face recession, rate setter Ludwik Kotecki said on Friday. “In my opinion there are several percentage points of space,” Kotecki told TVN24 television when asked to what level rates […]

WARSAW (Reuters) – Polish central bank has several percentage points of space to increase interest rates as inflation is set to keep rising and Poland doesn’t face recession, rate setter Ludwik Kotecki said on Friday.

“In my opinion there are several percentage points of space,” Kotecki told TVN24 television when asked to what level rates in Poland should be increased.

(Reporting by Marek Strzelecki and Pawel Florkiewicz)

Frequently Asked Questions

What is a central bank?
A central bank is a financial institution responsible for managing a country's currency, money supply, and interest rates. It oversees the banking system and implements monetary policy to ensure economic stability.
What is inflation?
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured as an annual percentage increase.
What are interest rates?
Interest rates are the cost of borrowing money or the return on savings, expressed as a percentage of the principal amount. They are influenced by monetary policy and economic conditions.
What is monetary policy?
Monetary policy refers to the actions taken by a central bank to control the money supply and achieve specific economic goals, such as controlling inflation and stabilizing the currency.
What is a recession?
A recession is a significant decline in economic activity across the economy, lasting more than a few months. It is typically visible in real GDP, income, employment, industrial production, and wholesale-retail sales.

Tags

Related Articles

Image for Why Curiosity Is the Hidden Engine Behind Every Big Idea

Why Curiosity Is the Hidden Engine Behind Every Big Idea

Image for The Silent Shift Reshaping Global Finance

The Silent Shift Reshaping Global Finance

Image for The Invisible Forces Rewiring Global Finance—And Why the Shift Is Already Underway

The Invisible Forces Rewiring Global Finance—And Why the Shift Is Already Underway

Image for The Global Finance Reset No One Is Talking About—But Everyone Is Feeling

The Global Finance Reset No One Is Talking About—But Everyone Is Feeling

Image for The Financial Trend Hiding in Plain Sight—Why Everything Feels the Same, But Isn’t

The Financial Trend Hiding in Plain Sight—Why Everything Feels the Same, But Isn’t

Image for The Financial System’s New Rhythm—Why Change Is Happening Without Disruption

The Financial System’s New Rhythm—Why Change Is Happening Without Disruption

More from Top Stories

Explore more articles in the Top Stories category

Image for The Subtle Forces Reshaping Global Finance—And Why They Matter Now
The Subtle Forces Reshaping Global Finance—And Why They Matter Now
Image for The Quiet Realignment of Global Finance—Why the System Is Changing Without a Shock
The Quiet Realignment of Global Finance—Why the System Is Changing Without a Shock
Image for The Global Financial Shift That Feels Small—But Is Changing Everything
The Global Financial Shift That Feels Small—But Is Changing Everything
Image for The Financial System’s Invisible Pivot—Why the Biggest Changes Don’t Make Headlines
The Financial System’s Invisible Pivot—Why the Biggest Changes Don’t Make Headlines
Image for Why Global Supply Chains Are Becoming Smarter, Faster, and More Resilient
Why Global Supply Chains Are Becoming Smarter, Faster, and More Resilient
Image for Why Workforce Agility Is Becoming Critical in the Future of Work
Why Workforce Agility Is Becoming Critical in the Future of Work
Image for Why Global Trade Is Entering a New Era of Resilience and Reinvention
Why Global Trade Is Entering a New Era of Resilience and Reinvention
Image for Why Cybersecurity Is Becoming a Core Business Priority in the Digital Economy
Why Cybersecurity Is Becoming a Core Business Priority in the Digital Economy
Image for Why Data-Driven Decision-Making Is Becoming the Backbone of Modern Business Strategy
Why Data-Driven Decision-Making Is Becoming the Backbone of Modern Business Strategy
Image for How Real-Time Data Is Redefining Decision-Making in the Digital Economy
How Real-Time Data Is Redefining Decision-Making in the Digital Economy
Image for Why Cash Flow Visibility Is Becoming the Most Critical Metric for Business Survival
Why Cash Flow Visibility Is Becoming the Most Critical Metric for Business Survival
Image for How Digital Payments Are Redefining the Speed and Scale of Global Commerce
How Digital Payments Are Redefining the Speed and Scale of Global Commerce
View All Top Stories Posts