Polish Central Bank Retains Key Rate At 4.5%
2011-12-07 17:19:18
Poland's central bank on Wednesday decided to leave its key interest rate unchanged, as expected by economists.
The National Bank of Poland kept its reference rate unchanged at 4.50 percent. The bank last raised the interest rate by a quarter point in June.
The bank also maintained the lombard rate at 6 percent. The deposit rate and the re-discount rates were left unchanged at 3 percent and 4.75 percent, respectively.
Poland's core inflation accelerated to a two-year high of 2.8 percent in October from 2.6 percent in September. Consumer price inflation rose to 4.3 percent from 3.9 percent, on higher food and fuel prices.