The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%.
The National Bank of Poland’s Lombard rate remained at 7.25%, the rediscount rate at 6.80% and the discount rate at 6.85%, the RPP announced after its sitting on December 7.
The RPP also left the deposit rate unchanged at 6.25%.
The rate-setting body’s decision was in line with the market consensus. Most analysts expect the RPP to keep the rate at the current level throughout 2023.
The prices of consumer goods and services (Consumer Price Index, CPI) went up by 17.4% YoY and by 0.7% MoM in November, with the inflation rate edging down by 0.5% MoM, the Central Statistical Office (GUS) reported.
The RPP left rates unchanged for the third time running following 11 consecutive increases aimed at curbing inflation. (The First News/Business World Magazine)