Poland's Monetary Council leaves interest rates unchanged

Poland's Monetary Policy Council (RPP) left the country's interest rates unchanged on Wednesday.

The reference rate will remain at 1.50 percent, the RPP said in a statement after its Wednesday meeting.

This means that the National Bank of Poland's Lombard rate will stay at 2.50 percent, the deposit rate at 0.50 percent, and the rediscount rate at 1.75 percent.

Poland's central bank (NBP) head Adam Glapiński said at the press conference following the Monetary Policy Council's sitting that the current council could hold rates to the very end of its term.

"I would risk the view that by the end of this council's term, things will be stabilised" Glapinski said of the outlook for interest rates.