National Bank of Poland
June 7, 2017
Poland’s reference interest rate was left at 1.5%, its level since a pair of 50-basis point cuts in January and March of 2015. From November 2012 to July 2013, the rate was earlier sliced from 4.75% to 2.50%. A statement released today observed that economic growth in Poland had accelerated last quarter and was led by consumer spending. But moderate trends in CPI inflation and unit labor costs and still-low core CPI inflation are keeping the possibility of excessive inflation in the medium term quite “limited” and thus justify the retention of a 1.5% reference interest rate.
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Tags: National Bank of Poland
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