Poland's rate-setting Monetary Policy Council (RPP) left the benchmark interest rate unchanged at 4.75 percent, the highest level since January 2009. The decision was in line with analysts' expectations.
The bank is due to comment on the decision later on Wednesday.
Inflation fell to 4 percent y/y in July from 4.3 percent in June, remaining well above the central bank's tolerance range of 1.5-3.5 percent. This was despite annualized GDP growth slowing in the second quarter to 2.4 percent from 3.5 percent in Q1.
From Warsaw Business Journal
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