Interest rates left unchanged
PR dla Zagranicy
Roberto Galea
06.05.2015 13:30
The National Bank of Poland’s Monetary Policy Council (RPP) has left interest rates unchanged, in line with expectations.
Polnische Zentralbank NBP. Photo: Wikimedia Commons
“Due to the late meeting in April [14-15 – ed.], the data available to the Council has only increased by the latest PMI reading, as well as a confirmation of better data in March. Adding to this the break in the appreciation trend of the złoty, nothing happened that could push the RPP to change their direction,” mBank research wrote in a statement published prior to the RPP decision published on Wednesday.
During an earlier meeting when the benchmark rate was dropped to a record-low 1.5 percent, the RPP said that it has no plans to further cut rates.
Despite joining the European Union in 2004, Poland has not adopted the European currency. The Polish central bank’s decision to drop rates to a record low still leaves them among the highest in the EU. The refi interest rate set by the ECB stands at 0.05 percent. (rg)
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