Poland: Another Rate Cut Expected

BusinessEconomy ♦ Published: December 4, 2012; 20:25 ♦ (Vindobona)

The Polish National Bank (NBP) will lower the interest rate one more time this year, analysts say.

Poland: Another Rate Cut Expected / Picture: © Polish National Bank NBP

Because of the remarkable slowdown of the Polish economy, NBP may cut the interest rate further. At the moment, the Polish base rate is 4.50%. Analysts expect that the base rate may be lowered gradually until 3.50%.

The last interest cut took place at the beginning of November. In May 2012, NBP lifted the interest rate the last time.

Until now, the interest cuts did not…

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