National Bank of Poland

February 7, 2018

The Monetary Policy Council at Narodowy Bank Polski agreed to leave interest rates unchanged at this week’s policy review. Since March 2015, a 1.5% reference rate has been flanked by by a 0.5% deposit rate and a 2.5% Lombard rate. Robust growth continues, yet inflation is moderate overall and low on core items. Over its projection period, officials project inflation staying close to target. The March 2015 rate cut was by 50 basis points and the second of such size in that year’s first quarter.┬áBefore that, 225 basis points of easing were implemented from January 2012 to July 2013.

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

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