Poland Leave Record Low Rates Unchanged

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Poland’s central bank left its key interest rate unchanged at a record low again on Wednesday, in line with economists’ expectations.

The Monetary Policy Council decided to keep the key reference rate unchanged at a record low 1.50 percent, the National Bank of Poland said in a statement.

Previously, the bank lowered the rate by 50 basis points in March last year.

The lombard rate was kept at 2.50 percent and the deposit rate at 0.50 percent. The rediscount rate was held at 1.75 percent.

“The Council has sounded increasingly hawkish at recent post-meeting press conferences and the economy‘s exit from deflation last month means Governor Adam Glapinski is likely to strike a similar note this afternoon,” Capital Economics economist William Jackson said.

“That said, we don’t think the 25bp interest rate hike expected by the financial markets next year will…

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