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.…

or Log In

Fast News Search
Related News
Poland: Recovery in Mid-2013 (December 20, 2012)
Polish National Bank Criticized (December 11, 2012)
Belka: Polish Economy Will Recover In 2013 (November 17, 2012)
Poland´s National Bank Holds Interest Rate (October 4, 2012)
Read More
Poland, Monetary Policy, NBP National Bank of Poland, Marek Belka, Jacek Rostowski
Featured
See latest Vindobona Newsletter