National Bank of Poland

April 11, 2018

No change was made in Polish monetary policy at the latest review. The reference interest rate has been at 1.5% since a pair of 50-basis point cuts in January and March of 2015. Prior to 2012, the reference rate had been at 4.75%. Officials foresee CPI inflation staying near its target during the forecast horizon in spite of relatively buoyant real growth and somewhat greater wage cost inflation. Personal consumption and business investment are expanding faster, and even net exports is providing some contribution to overall growth. Amid tame inflation, officials aim to support these trends.

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

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