Wednesday, February 24, 2010
Polish c.bank holds rate unchanged, as expected
Poland's central bank kept its main interest rate unchanged on Wednesday, in line with market expectations given a backdrop of growth that is only just beginning to accelerate while inflation may ease.
The rate stands at an all-time low of 3.5 percent.
The Polish zloty and bonds were unchanged immediately after the Monetary Policy Council (MPC) decision, which had been anticipated by all 28 analysts polled by Reuters earlier in February.
The decision was "backed by uncertainty over the sustainability of the economic recovery and the expected fall of inflation in upcoming months," said Maja Goettig, chief economist at Bank BPH.
Read more: http://www.forexyard.com/en/news/Polish-cbank-holds-rate-unchanged-as-expected-2010-02-24T114416Z-UPDATE-1
Labels:
economy
