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Poland's central bank cuts interest rate.

Global Banking News-25 June 2009-Poland's central bank cuts interest rate(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 25 June 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Polish Monetary Policy Council (RPP) has cut all interests rates by 25 base points. The central bank (NBP) reference rate will not be lower than 3.50 percent.

In a media release following the meeting, the council said that it assessed the probability of inflation running below the inflation target in the medium term to be higher than the probability of inflation running above the target and decided to lower the interest rates.

According to the Council, the already implemented cuts in the NBP interest rates together with the lowering of the required reserve rate will support return of the economy to the potential growth path.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Jun 25, 2009
Words:161
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