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Poland: Another Rate Cut Expected
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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