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Polish central bank keeps rate constant.

Global Banking News-27 May 2009-Polish central bank keeps rate constant(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 27 May 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

The central bank of Poland has left its interest rate steady.

The central bank left its main interest rate unchanged, but cut the required reserve rate for commercial banks. While it kept its interest rate at 3.75 percent for the second consecutive month, it cut the level of reserves commercial banks must keep at the central bank as a percentage of their deposits to three percent from 3.5 percent.

The move is expected to infuse liquidity into the banking system.

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Publication:Global Banking News (GBN)
Date:May 27, 2009
Words:137
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