At its latest monetary policy meeting held on 1-2 March, the Central Bank decided to leave interest rates unchanged at 3.75%. The Central Bank stood pat after lifting rates by 25 basis points at its previous meeting in January. The decision was largely expected by market analysts. Inflation accelerated to 3.8% in January and thus exceeded the 1.0 percentage point tolerance margin around the Central Bank's 2.5% target. Nevertheless, monetary authorities decided to leave rates unchanged, stating that increasing unemployment and relatively moderate wage growth do not exert enough upward pressure to push inflation above the Bank's inflation target in the medium term.
Poland Monetary Policy
Central Bank leaves rates on hold
March 2, 2011
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Poland Economic News
October 25, 2016
The manufacturing sector business climate index decreased from 3.3 points in September to 1.0 point in October, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).
October 25, 2016
In September, retail sales rose 4.8% over the same month last year, which was below August’s over two-year high of a 5.6% increase.
October 19, 2016
In September, industrial production expanded 3.2% over the same month last year, which was notably below the 7.5% expansion recorded in August.
October 12, 2016
According to the Central Statistical Office (GUS), consumer prices recorded flat growth over the previous month in September, which followed the 0.2% decrease recorded in August.
October 5, 2016
As anticipated by market analysts, the National Bank of Poland (NBP) decided to keep the reference rate at the record low of 1.50% at its 4–5 October monetary policy meeting.