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The Warsaw Voice » Business » May 15, 2014
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Poland's interest rates likely to be left intact to end-2014 - rate setter
May 15, 2014   
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Poland's rate council will likely hold rates intact in 2014, as the low April inflation reading does not call for either a rate cut or for a revision of rate hike outlook for 2015, Monetary Policy Council member Anna Zielinska-Glebocka told reporters on Wednesday.

"A rate cut is not needed," she added. "A discussion on interest cuts would send a wrong signal to markets. Interest rate stabilization has a very good influence on markets."

The rate council is also waiting for Q1 GDP data, but it's clear that the economic recovery is underway, she added.

Poland's inflation surprised on the downside with April reading at 0.3% year on year, below 0.6% expected.
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