National Bank of Poland

November 9, 2016

The Polish central bank reference rate will stay at 1.5% where such has been since a 50-basis point reduction in March 2015. Earlier, the rate was cut by 275 basis points between November 2012 and January 2014. A statement released by central bank officials today unveils new growth and inflation projections. Consumption-led growth in 2017 is seen in a range centered around 3.5%. “Price growth will continue to gradually increase and in the coming quarters it will turn positive.” The statement makes no mention of the surprising U.S. election outcome. The downside price risk that it mentions is the chance that commodity prices fall anew.

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

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