The decision by the Monetary Policy Council to raise interest rates was designed to surprise the market, Poland's central bank governor said on Thursday.
The Monetary Policy Council (RPP) at its one-day meeting on Wednesday in a surprise move hiked Poland's reference interest rate from by 40 bps to 0.50 percent.
Most of Poland’s Monetary Policy Council (RPP) believes interest rate hikes will be possible only after the economic insecurity caused by the Covid-19 pandemic has died down.
Poland's reference interest rate will remain at 0.10 percent, the country's Monetary Policy Council (RPP) said in a statement after a meeting on Wednesday.
Poland's reference interest rate will remain at 0.10 percent, the country's Monetary Policy Council (RPP) said in a statement after a meeting on Thursday.
Poland's fiscal policy in the post-pandemic period should focus on managing inflation expectations, a member of the Polish central bank's Monetary Policy Council (RPP) said on Tuesday.
Nothing indicates that Poland's CPI inflation will fall below 3.5 percent until the end of 2021, a Monetary Policy Council member has said.
Poland's Monetary Policy Council kept all the National Bank of Poland interest rates unchanged, holding the reference rate at the all-time low of 0.10 percent, the central bank said in a statement released after a sitting of the Council on Wednesday.
Poland's GDP will hit 4-5 percent this year, according to a Monetary Policy Council (RPP) member.
This site uses "cookies". By staying on it, you agree to the use of cookies.
