Poland: Interest Rate Remains Unchanged

Politics ♦ Published: February 6, 2014; 10:04 ♦ Updated: February 6; 10:24 ♦ (Vindobona)

The National Bank of Poland (NBP) has kept the reference rate stable at 2.50%. As the zloty has begun to weaken, the pressure on NBP is growing.

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

As expected by analysts, the NBP has left the base rate unchanged. Until the end of the first half of 2014, the NBP will keep the base rate flat.

In 2013, the largest economy in CEE grew by 1.6%, which is substantially below Poland´s potential. Last year, economic growth was mainly based on the growth in net exports while investments an domestic demand were down…