NBP: Further Interest Cuts Likely

Politics ♦ Published: November 15, 2012; 21:22 ♦ (Vindobona)

The Polish National Bank may reduce the base rate further. Poland´s economy is expected to slow down next year.

NBP: Further Interest Cuts Likely / Picture: © Polish National Bank NBP

Due to the flattening economic growth, Poland´s National Bank considers further interest rate cuts. At the beginning of this month, NBP cut the rate by 25 bps to 4.5%. NBP announced that further cuts may follow. Initially, analysts expected that the Polish National Bank reduces the base rate already in October. In the end, the Polish base rate will come at 3.5%, analysts…