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Poland: Interest Cut Expected
Politics ♦
Published: October 2, 2012; 19:03 ♦ (Vindobona)
The Polish National Bank NBP is anticipated to announce a cut in the base rate. At the moment, the base rate stands at 4.75%.
Poland: Interest Cut Expected / Picture: © Flickr / NBP National Bank of Poland
Economists at Goldman Sachs expect Poland to announce an interest rate cut in November. NBP will reduce the rate to 4.00% from 4.75%. Morgan Stanley expects an interest rate cut to take place in October. According to Credit Suisse, the probability of an interest cut is high, but there would be considerations against an interest cut as inflation may increase.
In Poland, the…
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