Poland’s Monetary Policy Council (MPC), the Central Bank’s rate-setting body, has kept interest rates unchanged.
The reference rate remained at 5.75%, the lombard rate at 6.25%, the deposit rate remained at 5.25%, the rediscount rate at 5.8% and the discount rate at 5.85%, the MPC announced after its sitting on November 7-8.
Analysts expected MPC to cut interest rates by 25 basis points.
Poland’s MPC paused hiking interest rates after raising its reference rate to 6.75% in September 2022, for months adopting a wait-and-see approach before officially ending the tightening cycle in July. (PAP/Business World Magazine)
