Poland leaves rates unchanged

The ten-strong rate setting council of the National Bank of Poland voted to keep its reference rate at 5.75% as inflation fell but remained above target.

Inflation in Poland fell in April to 4%, a figure above the central bank's target of 2.5%.

Much of this was due to factors beyond the central bank's control, it said. "The heightened inflation results, to a large extent, from factors that are beyond the influence of domestic monetary policy, particularly from strong increases in food and fuel