Wednesday, April 6, 2011

Polish Central Bank Raises Rate 25bps to 4.00%

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.


Post a Comment