Latest news with #Kotecki
Reuters
04-04-2025
- Business
- Reuters
Polish central banker Kotecki expects May rate cut
WARSAW, April 4 (Reuters) - It is highly likely the central bank of Poland will cut rates in May and that this year's reduction in the cost of credit could reach 50-100 basis points, central banker Ludwik Kotecki told private broadcaster TOK FM on Friday. The National Bank of Poland has kept its main interest rate at 5.75% since October 2023. However, on Wednesday, NBP Governor Adam Glapiński abandoned his previously hawkish views and did not rule out cutting interest rates as early as May. "It seems that it is very, very, very possible. And the argument that will prevail will of course be the March data on the economy (will be published in April)," Kotecki said. "I have been saying for months that doves hatch from these hawk's eggs, and they did hatch ... And there are quite a lot of these doves in this council." Kotecki maintained his position that this year the scale of interest rate cuts in 2025 could amount to 50-100 basis points, and next year they could fall by another 100 basis points. "This economy needs interest rate cuts," Kotecki said. "The situation is better from the point of view of inflation and yet weaker from the point of view of the real economy. Therefore, there are strong arguments to start talking about these cuts, because 5.75% (the main interest rate) with such data is clearly too much." The Monetary Policy Council member also said the Polish economy may not suffer any direct consequences initially from the introduction of new customs tariffs by the U.S., but their indirect effects may become visible next year.
Yahoo
24-03-2025
- Yahoo
Enfield police K-9 assisted with arrest of alleged domestic suspect
ENFIELD, Conn. (WWLP) – K-9 Odin of the Enfield Police Department helped to track the scent of an alleged domestic suspect on Sunday. Massachusetts State Police chase on I-91 in Whately results in Enfield arrest The Enfield Police Department states that on Sunday, a suspect allegedly forced entry into a victim's home and assaulted them. The suspect already had violated a court order from a previous domestic incident. Before officers arrived, the suspect jumped out of a second-story window and ran off. K-9 Odin of the Enfield Police Department was called in and was able to track approximately a half mile where the suspect was located. The suspect was hiding behind a local business in an enclosed trash area when he was taken into custody. K-9 Odin is a two-year-old German Shepard and is certified to track suspects and missing people, handler protection, evidence recovery, and building searches. He and his handler, Officer Kotecki are trained and certified by the Connecticut State Police K9 Unit as a patrol dog team. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
