Poland´s National Bank Holds Interest Rate

People ♦ Published: October 4, 2012; 17:14 ♦ (Vindobona)

After analysts expected that the Polish NBP cut the interest rate, the decision to hold the rate at 4.75% came as a surprise.

Poland´s National Bank Holds Interest Rate / Picture: © Vindobona.org

In contrast to forecasts by analyst, the interest rate will not be changed for the time being. NBP will reduce the rate to 4.00% from 4.75%, Goldman Sachs said. Morgan Stanley expected an interest rate cut too.

Today, the council of NBP announced that the Polish interest rate will be kept at 4.75%. Although the government wants to boost the economy by easing the monetary policy,…