National Bank of Poland Monetary Policy Stance Left Unchanged
December 4, 2013
Officials at Narodowy Bank again left Poland’s reference interest rate at 2.5% after this month’s meeting. The interest rate was lowered in eight steps between November 2012 and July 2013 from 4.75% to 2.50%. A statement released by the central bank projects subdued inflation and a continuing gradual economic recovery. The on-year CPI inflation rate of 0.8% in October was just a third of the 2.5% medium-term target. GDP rose 1.9% between 3Q12 and 3Q13.
Copyright 2013, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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