Polish Central Bank Holds Interest Rate Flat

Politics ♦ Published: September 5, 2013; 08:08 ♦ (Vindobona)

Poland´s economy begins to recover. NBP leaves the base rate at 2.5%.

Polish Central Bank Holds Interest Rate Flat / Picture: © Flickr / NBP National Bank of Poland

In order to strengthen the economic upswing, NBP´s monetary policy council has kept the base rate unchanged. Thus, NBP ´s decision was no surprise. Economists underlined that Poland, unlike other emerging markets, does not suffer from capital outflows. Moreover, the balance of payments is improving. NBP will refrain from further rate cuts in the next months. NBP´s governor Marek…

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