The Narodowy Bank Polski raised its reference rate by 25 basis points to 4.00% from 3.75% previously in effort to rein in rising inflation and inflation expectations. Poland last reported inflation of 3.6% in February, compared to present consumer inflation expectations of 4.6% for the next 12 months; both above the 2.5% inflation target. The move comes ahead of the European Central Bank's April decision, which is likely to also see a 25 basis point increase in the ECB's policy rate.
www.CentralBankNews.info
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