Poland’s Central Bank Stands Firm at 3.75% as Fuel Surge Pushes Inflation Above Target
10 Articles
10 Articles
Poland’s Central Bank Stands Firm at 3.75% as Fuel Surge Pushes Inflation Above Target
Poland’s central bank held its key rate at 3.75% for a seventh month even as September inflation climbed to 4.0%, breaching the upper target band. Fuel prices drove the surge, but a new government cap offers temporary relief. Officials bet the overshoot will fade. Markets await clues on possible hikes.
The Monetary Policy Council (MPC) has left interest rates unchanged, the National Bank of Poland (NBP) announced in a Wednesday statement. The NBP's main interest rate, the reference rate, remained at 3.75%. The deposit rate is 3.25%, the Lombard rate is 4.25%, the bill rediscount rate is 3.8%, and the bill discount rate is 3.85%. The MPC has cut interest rates once this year – by 0.25 percentage points in early March. See also: "Inflation is sl…
Poland’s Monetary Policy Council kept interest rates unchanged and identified several key risks to the country’s inflation outlook. The central bank explained that fiscal policy and energy prices remain among the most significant inflationary risks. The council also cited regulatory decisions regarding energy prices, changes in economic activity growth, and wage growth developments as additional factors. […] The article “Polish Central Bank: Fue…
The Monetary Policy Council has made a decision. Will there be no interest rate hikes in Poland? We're checking the implications of the decision and comments from MPC members.
The Monetary Policy Council (MPC) kept the wait for a long time on Wednesday. Typically, the decision is announced at 3:00 PM, with commentary at 4:00 PM. This time, the meeting dragged on considerably, even though it had been ongoing since Tuesday. This suggests a heated discussion. However, interest rates remained unchanged. This doesn't mean borrowers' installments will remain safely unchanged. Market behavior and the forecasts of economists …
At its meeting concluded on Wednesday, the Monetary Policy Council (MPC) maintained the National Bank of Poland (NBP) interest rates at their current levels. The Polish central bank's main interest rate, the reference rate, remains at 3.75 percent.
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