National Bank of Poland

September 7, 2016

Officials at Narodowy Bank as expected retained a 1.5% policy interest rate. ┬áThat’s been the level since a 50-basis point cut in March 2015. Previously, the rate in nine steps was cut from 4.75% starting in November 2012 to 2.0% in January 2014. A released statement stresses subdued inflation. “Deflation will be gradually subsiding due to dissipating effects of low commodity prices in the global markets. In the coming quarters, higher price growth will be supported by stable GDP growth, amid acceleration in wage growth and higher child benefits.”

Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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