Poland’s central bank retained its interest rate at a record low again as widely expected by economists.
The Monetary Policy Council of the National Bank of Poland decided to maintain the key reference rate at 1.50 percent, the bank said in a statement on Wednesday.
The bank last lowered the rate by 50 basis points in March.
The lombard rate was kept at 2.50 percent and the deposit rate at 0.50 percent. The rediscount rate was left unchanged at 1.75 percent.
The National Bank will keep the policy rate at its current historic low of 1.5 percent both this year and next, said William Jackson, an economist at Capital Economics. For their part, the financial markets have pared back rate hike expectations, but still expect tightening to start by early next year.
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