National Bank of Poland Reference Rate Maintained at 1.5%

May 15, 2019

Four just over four years, the reference central bank rate in Poland has been at 1.5% since a pair of 50-basis point cuts in January and March of 2015. That’s the longest span between changes. In a released statement, the conclusion that 1.5% represents an appropriate stance was explained as follows:

The outlook for economic conditions in Poland remains favorable. However, in the quarters to come, there will probably be a gradual slowdown in GDP growth. At the same time, inflation will remain at a moderate level and, in the monetary policy transmission horizon, will stay close to the target.

Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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