National Bank of Poland

May 7, 2014

Officials at Narodowy Bank retained a 2.5% seven-day repo rate, projecting gradual economic recovery with continuing subdued inflationary pressure.  On-year CPI inflation is now 0.7%, less than a third of the target.  “Therefore, the Council decided to keep NBP interest rates unchanged. The Council maintains its assessment that NBP interest rates should be kept unchanged for a longer period of time, i.e. at least until the end of the third quarter of 2014.”  The policy reference rate had been sliced eight times between November 2012 and July 2013 and has been at 2.5% since the last of those reductions. 

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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