For the second time in a row, Poland’s Monetary Policy Council (RPP) has left the country’s key interest unchanged. This means that BNP reference rate will continue to sit at 4.5 percent for the next month with the lombard rate at 6.0 percent. The primary deposit rate, meanwhile, remains at 3 percent. The Council would not rule out the possibility of further monetary policy adjustments in the future, but considering that the outlook for GDP growth in Poland isn’t very positive for the next few months, rates aren’t expected to rise any time soon.
