National Bank of Poland Leaves Monetary Policy Unchanged

April 29, 2009

Poland’s key interest rate remains at 3.75% as analysts expected.  From a peak of 6.0% from June 25th to November 26th, such had earlier been reduced by 25 basis points in November, 75 bps in December and January, and 25 bps in February and March.  However, the scope for easing monetary policy has lately been constrained by concerns about the zloty, down over 35% against the dollar from a year ago, and rising consumer price inflation, which was at 3.6% last month compared to 2.8% in January.

Copyright 2009 Larry Greenberg.


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