Thursday, May 12, 2011

Why Poland's Central Bank Increased Interest Rates

The National Bank of Poland increased its reference rate by 25 basis points to 4.25% (and increased its other interest rates by 25bps: lombard rate 5.75%, deposit rate 2.75%, and rediscount rate 4.50%). The move marks the Bank's 3rd interest rate increase this year as the emerging East European economy faces rising inflation pressures.

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