National Bank of Poland Keeps Record Low 1.5% Reference Interest Rate
December 7, 2016
Poland’s main central bank interest rate has been 1.5% since cuts of 50 basis points in January 2014 and March 2015. In defending the appropriateness of this level after the latest Monetary Policy Council review, officials observed
Amid moderate global economic growth and lower commodity prices than in previous years, price growth in the environment of the Polish economy has still been very low, albeit increasing.
Inflation has recovered only to zero. ” Price growth has been contained by low inflation abroad, negative output gap in the domestic economy and low inflation expectations.” Over time, officials see inflation rising gradually.
Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: National Bank of Poland
ShareThis
