National Bank of Poland

July 5, 2017

Poland’s 1.5% reference rate was retained after the latest review. It’s been at that level since 50-basis point cuts in January and March 2015. The rate had dropped to 2.5% from 4.75% between November 2012 and July 2013. Inflation and unit labor cost growth are moderate. While projecting inflation hovering near 2.0% and drifting a tad higher by 2019, a statement released today expresses confidence that risk is limited of such running persistently above the medium-term target.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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