National Bank of Poland Keeps Existing Policy Settings

January 10, 2018

A statement released by monetary officials after they left the 1.5% reference interest rate at 1.5% — it’s been at that level since March 2015 — predicts decent growth ahead but at a somewhat lower pace than in the second half of 2017 and CPI inflation near its target. Although wage growth has accelerated, core inflation is “low” and total inflation has slowed a bit. Economic growth has been broadly based, with contributions from consumption, exports and now investment. The reference rate was lowered progressively from 4.75% prior to 2012 to its current level of 1.5% after 50-basis point reductions in January and March of 2015.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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