National Bank of Poland

November 8, 2017

Poland’s reference interest rate was left at 1.5% at this week’s monetary policy review. It’s been 1.5% since a pair of 50-basis pint cuts in the first quarter of 2015. The rate had been at 4.75% prior to November 2012. In a released statement, officials revealed marginally higher expected growth and inflation in 2018, but the on-year rise of consumer prices remains moderate. “The Council judges that in the coming years inflation will run close to the
inflation target. As a result, the current level of interest rates is conducive to keeping the Polish economy on the sustainable growth path and maintaining macroeconomic stability.”

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



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