Poland
Polish Monetary Policy Still on Hold
May 25, 2010
As expected, the Narodowy Bank’s key reference interest rate was kept at 3.5%, its level June 2009. A 25-bp rate cut back then culminated a six-step easing from a prior cyclical high of 6.0%. The first reduction, also by 25 basis points had been made in November 2008. The Polish economy is projected to continue […] More
Polish Central Bank Interest Rates Left Unchanged Again as Expected
April 28, 2010
The key seven-day reference interest rate of the Narodowy Bank has been at 3.5% since a 25 basis point reduction in June 2009. That was the sixth cut since November 2008 and brought the cumulative magnitude of ease to 250 bps from a cyclical peak of 6.0%. Analysts anticipate the onset of rate increases to […] More
Polish Central Bank Rate to Stay at 3.5%
March 31, 2010
The Monetary Council of the Narodowy Bank decided as expected to keep its seven-day reference rate at 3.5%, where such has been since mid-2009. Officials released a statement that predicted slower growth in 1Q10 than in 4Q09 and than had been assumed previously, citing recent setbacks, perhaps weather-related, in retail sales and construction activity. Inflation […] More
Poland and Sweden
February 24, 2010
Narodowy Bank, Poland’s central bank, left its seven-day reference rate at 3.5% as expected. The key rate has been at that level since a 25-basis point cut last June, which culminated 250 bps of easing in six moves over seven months. A statement from Policy monetary authorities unveiled new forecasts that are somewhat higher on […] More
Polish 3.5% Central Bank Reference Rate Left Unchanged
January 26, 2010
Narodowy Bank’s interest rates has been at 3.5% since mid-2009 and will remain at that level. As with other central bank rate announcements today, this was the expected outcome. Growth is improving, and CPI inflation of 3.5% in the year to December is at the upper end of the central bank’s 1.5 – 3.5% target […] More
