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Poland: NBP Holds Interest Rate Flat

Published: October 3, 2013; 07:20 · (Vindobona)

In order to support Poland´s economy, the Council of Polish National Bank has decided to keep the base rate at its historic low.

Poland: NBP Holds Interest Rate Flat / Picture: © Flickr

As expected by analysts, NBP lets the borrowing cost at 2.5%. The underlying reason behind this decision is Poland´s economic recovery. There are first signs of improving frame conditions, but the upward trend is still fragile.

After a growth rate of 0.4% in the first quarter and 0.9% in the second quarter, the annual growth rate in the fourth quarter is expected to reach 2.0%.…

This article includes a total of 210 words.

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