Poland keeps interest rates unchanged

According to the council, the rates did not need to be altered because forecasts for the coming quarters say that deflation should continue to gradually decline, while investment growth should increase.

The governor of Poland's central bank and the council’s chairman, Adam Glapiński, said that interest rates might be raised in future, but not before 2018.

The reference rate remains at 1.50 percent, the lombard rate at 2.50 percent, the deposit rate at 0.50 percent and the rediscount rate at 1.75 percent.

The decision was in line with what analysts had expected.

(mol/pk)

Source: PAP