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New RPP maintains interest rates

25th February 2010
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Future decisions might depend on actions by the European Central Bank, says NBP head


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The central bank's Monetary Policy Council (RPP), which recently changed its members, has not altered interest rates.

The reference level remains at 3.5 percent. According to National Bank of Poland (NBP) president Sławomir Skrzypek, the RPP's informally neutral stance has also remained the same.

"We cannot rule out that future [RPP] decisions may depend on the actions of the European Central Bank," he added.

NBP analysts have increased their economic growth outlook for this year to 2.1-4.1 percent. Inflation for 2010 is now expected to fluctuate between 1.3 percent and 2.2 percent.

Source: Parkiet


From Warsaw Business Journal


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