Polish inflation fell 0.3% in April compared with March, bringing the country’s year-on-year rate down to 3%, according to the country’s Central Statistical Office (GUS).

The news means that the country’s monetary policy committee (RPP) will be unlikely to reduce the key lending rates yet, but most analysts would expect interest rates to fall once if inflation gets to around 2.5-2.6%.

The reason behind the drop in prices has been attributed by many to low demand and the strong zloty. Among the items that rose in April compared with March was food – up 0.5%, car fuel prices (3.1%), and clothes and footwear (0.1%).

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