Polish National Bank Cuts Interest Rate

Politics ♦ Published: November 8, 2012; 16:56 ♦ (Vindobona)

In order to support economic growth, NBP decided to ease its monetary policy.

Polish National Bank Cuts Interest Rate / Picture: © Polish National Bank NBP

Because of the economic slowdown in Poland, NBP cuts the interest rate by 25 bps to 4.50%. This step was already expected to take place in October.

After an economic growth rate of 3.5% in the first quarter, the growth rate in the fourth quarter is expected to come at 1.5%. Next year, Poland´s economic growth is anticipated to reach about 2.0%. Although Poland does not face a…