Poland: Benchmark Rate Remains Unchanged

Politics ♦ Published: December 4, 2013; 23:48 ♦ (Vindobona)

The Polish National Bank (NBP) holds the reference rate at its record low of 2.5%.

Poland: Benchmark Rate Remains Unchanged / Picture: © Vindobona.org

As expected by analysts and economists, the Polish National Bank has kept the base rate unchanged. NBP´s governor Marek Belka explained that nothing has changed since the last meeting of the NBP monetary council. In the third quarter of 2013, Polish GDP was up 1.9% year-on-year.

According to the NBP, the low base rate is no inflation risk. The Monetary Policy Council explained…