11th January 2012
Monday, May 21st, 2012
Interest rate left unchanged
Poland's rate-setting Monetary Policy Council (RPP) chose to leave the benchmark interest rate untouched for the sixth meeting in a row when it convened on Wednesday.
In line with expectations, the headline seven-day interest rate was kept at 4.5 percent.
Analysts say the decision was made because inflation remains above the central bank's target, due to the weak złoty.
The RPP is due to release a statement explaining its decision later on Wednesday.
GP
From Warsaw Business Journal
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