Wednesday, January 19, 2011

Poland Central Bank Raises Rate 25bps to 3.75%

The Monetary Policy Committee of the National Bank of Poland decided to raise interest rates by 25 basis points to 3.75% from the previous 3.50%, and signalled further tightening as inflationary pressures continue to rise in Polnd. Poland's December CPI inflation figure came in at 3.10%, which is above the Bank's official inflation target of 2.50%. Poland is seeing higher inflation as a result of relatively strong economic growth and the impact of rising food and energy prices.


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