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Poland: Key Interest Rate to Remain Unchanged

People ♦ Published: January 9, 2014; 15:46 ♦ (Vindobona)

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As expected, the key interest rate will not be changed. According to Marek Belka, governor of the Polish National Bank (NBP), there was no need in monetary interventions.

Poland: Key Interest Rate to Remain Unchanged / Picture: © Polish National Bank NBP

In its January rate-setting meeting, the Polish Monetary Policy Council decided to remain the country’s key interest rate unchanged at 2.5 percent in a fourth consecutive month, as announced by NBP on Wednesday. According to the most recent policy statement, the Polish rate council maintained its assumption that interest rates will remain unchanged until at least mid-2014 since…