Poland keeps rates on hold as expected
January 9, 2014
Poland's Monetary Policy Council stuck to its rate-hold regime for the January sitting, leaving the referential policy rate a record low 2.5%, the central bank NBP said on Wednesday.
This was the fourth consecutive month in which NBP held its rate at this level.
In its January policy statement, Poland's rate council retained its current bias that interest rates will be on hold to at least mid-2014 as economic recovery is gradual and inflationary pressure limited.
Poland faces no risks on the horizon that could potentially change the current monetary policy, NBP head Marek Belka told a news conference following rate council's January sitting.
Belka declined to talk on any extension of the current guidance for maintaining interest rates at current levels to mid-year, suggesting that the next inflation projection may offer more insights for the rate council.
Poland currently faces no risks that could change monetary policy - NBP head Belka