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Poland: Last Cut in Interest Rate In 2013
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Published: July 4, 2013; 13:15 ♦ (Vindobona)
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Base rate down to new all-time low.
Poland: Last Cut in Interest Rate In 2013 / Picture: © Flickr / NBP National Bank of Poland
At the July meeting of the Polish Monetary Council, the country’s base rate has again been cut by 25 basic points to a new all-time low of 2.5 percent, as the economy is starting to show the first minor signs of recovery.
It is the eighth cut in nice months which has brought down the main rate by 2.25 percentage points. After the most recent cut, the Polish rate counsil intends…
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