Poland holds key interest rate

Banking

Photo by Maciej Rutkowski/Shutterstock.com

The National Bank of Poland held its benchmark reference rate at a record low of 0.1% during its December meeting, as expected amid a steep economic recession and rising inflationary pressure, according to a report by Polish Radio.

Photo by Maciej Rutkowski/Shutterstock.com

The annual inflation rate slowed to 3% in November but remained above the central bankʼs medium-term target of 2.5% for a thirteenth consecutive month.

Also, the Lombard rate and the deposit rate were kept steady at 0.5% and 0%, respectively, and the rediscount rate was left unchanged at 0.11%.

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