JP Morgan analysts also revised upwards their economic growth forecast for 2018 to 3.2 percent from an earlier 3.1 percent.
They said they do not expect inflation this year to reach the Polish central bank (NBP) target, adding that interest rates are unlikely to be hiked until mid-2018.
The European Commission last week revised downwards its projections for Poland, saying in a new forecast that the Polish economy grew 2.8 percent last year and was expected to grow 3.2 percent in 2017.
The Polish finance ministry pointed out that according to European Commission forecasts, Poland would be among the six fastest-growing EU member states.
Several days later, Finance and Development Minister Mateusz Morawiecki said the Polish economy could grow over 3.5 percent this year.
Poland’s 2017 budget is based on a forecast of 3.6 percent GDP growth this year.
(pk)
Source: PAP
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