WARSAW, May 29 (Reuters) - The chances of interest rate cuts starting in 2023 are getting bigger in part because of the strong zloty, Polish central banker Gabriela Maslowska wrote in an article for Catholic broadcaster Radio Maryja.
Poland's main interest rate has been on hold at 6.75% since September, but with inflation looking to have peaked market focus has turned to when the cost of credit could fall.
"Generally speaking, I think that the probability of starting the phase of interest rate cuts in Poland this year is getting higher," she wrote.
Maslowska said that the strengthening zloty currency was having anti-inflationary effects.
"Thanks to this, the moment when the 'first cut' will take place will probably occur earlier than if the zloty exchange rate had been weakening over the last few months," she wrote.
The zloty has firmed around 3.5% against the euro since mid-April.
In a separate
interview
in the Polska newspaper published on Monday, Maslowska said that at the moment it was too early to talk about rate cuts as inflation was still high. (Reporting by Alan Charlish and Anna Koper; Editing by Christian Schmollinger)
