ADVERTISEMENT

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%.

ADVERTISEMENT

33,850 sqm of new office space delivered to Budapest market in Q4 Office Market

33,850 sqm of new office space delivered to Budapest market in Q4

1,257 new COVID-19 cases registered in Hungary Figures

1,257 new COVID-19 cases registered in Hungary

4% minimum wage raise agreed Government

4% minimum wage raise agreed

Children's book publisher to challenge gov't resolution Art

Children's book publisher to challenge gov't resolution

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.