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Poland: NBP Cuts Interest Rate Again
Politics ♦
Published: January 10, 2013; 05:55 ♦ (Vindobona)
Poland´s National Bank has decided to lower the base rate for the third time in a row.
Poland: NBP Cuts Interest Rate Again / Picture: © Polish National Bank NBP
NBP´s monetary policy council has cut the interest rate from 4.25% to 4.00%. This is the third cut in a row. At the beginning of November and December, NBP has lowered the interest rate by 25 bps each.
Due to Poland´s economic slowdown, further interest cuts are not excluded. According to governor Marek Belka, there is still enough space for expansive monetary policy measures.…
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