Polish interest left unchanged in March

8 March 2012

For a second time in a row, The Monetary Policy Council (RPP) has made the decision to leave all Poland’s interest unchanged. It means that BNP reference rate is continue to amount at 4,5 percent for next month with the lombard rate at 6.0 percent , the deposit rate at 3.0 pct and the rediscount rate at 4.75 pct. The Council say it does not rule out the possibility of further monetary policy adjustments in the future, but considering that the outlook for Poland’s GPD growth is not positive for the next few months, as well as for inflation returning rate improvement, it won’t be any time soon.

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