economic slowdown

No rate hike due to global slowdown says rate-setting body

The RPP's Wednesday decision means that Poland's main reference rate remains at 6.75 percent despite the CPI (Consumer Price Index) hitting 17.9 percent year on year in October, the highest level in 25 years. Marcin Bielecki/PAP

Poland's rate setting council said on Wednesday that its decision to put interest rates on hold was based on expectations that the global economic slowdown along with monetary tightening in Poland and abroad will lower inflation towards the central bank's inflation target.

Central bank head confirms economic slowdown

Current figures confirm a gradual slowing of Poland's economy, the head of the Polish central bank said on Thursday.

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