Poland´s Central Bank Retains Interest Rate

Politics ♦ Published: September 22, 2012; 13:31 ♦ (Vindobona)

The Polish Monetary Policy Council held the base rate flat. Before, an interest rate cut of 50 bps or 25 bps were discussed.

Poland´s Central Bank Retains Interest Rate / Picture: © Vindobona.org

As the Polish economic growth flattens further, an interest cut was claimed by the government. However, the Polish Central Bank kept the base rate and explained that the scale and the duration of the economic slowdown would be rather uncertain. Moreover, a decreasing interest rate would trigger the danger of an increasing inflation.

The Polish Central…

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