Polish Central Bank Retains Interest Rate

Businessn.a. ♦ Published: September 7, 2012; 07:35 ♦ (Vindobona)

NBP (National Bank of Poland) kept the base rate at 4.75%. In the last weeks, a cut was discussed.

Polish Central Bank Retains Interest Rate / Picture: © Vindobona.org

Although the economic growth flattens, Poland still shows the highest growth rate in the CESEE region. Initially, economists anticipated an economic growth rate of 3.0% in 2012. After a growth rate of 3.5% in the first quarter, GDP growth reached 2.4% in the second quarter of 2012.

As a result, Polish economists call for quantitative easing steps in order to promote growth again.…