National Bank of Poland Very Comfortable with its 2.5% 1-Week Repo Rate

March 6, 2014

Officials at Poland’s central bank on Wednesday not only kept their accommodative 2.5% interest rate but extended the likely interval before such is changed from the middle of this year to the end of the third quarter.  An explanation of the decision revised projected inflation downward a bit even as the forecast for growth was lifted marginally, and the message indicated a desire to underscore confidence in Poland’s continuing good fundamentals despite heightened geopolitical risk caused by the situation in Ukraine.  The Polish policy interest rate was earlier cut eight times by a total of 225 basis points between November 2012 and July 2013.

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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