Polish Central Bank

Polish Monetary Tightening Paused

September 8, 2011

On September 7, the Narodowy Bank left its key reference rate at 4.5% and released a statement indicating that four rate hikes earlier this year should be sufficient to return inflation to target of 2.5% in the medium term.  July on-year inflation was 4.1%.  Rate cuts between November 2008 and June 2009 totaled 350 basis […] More