Polish main interest rate has not been raised in February by country’s rate-setting Monetary Policy Council (RPP) who decided to leave it unchanged for the next eight month. The cuts of the interest rate are also fairly unlikely in the near future, the head of National Bank of Poland Marek Belka has stated during last week’s press conference, “rate cuts are less likely than rate hikes.” Zyta Gilowska, NBP’s member added. The decision fallowed the concerns over the economic growth and inflation that appeared to be higher that the central bank has expected.
