Polish MPC blamed for keeping interest rates high

POLAND - The Polish central bank came under heavy fire from officials and analysts on 31 May for holding interest rates steady despite saying there was little demand-side price pressure in the economy.

Analysts said the hawkish Monetary Policy Council (MPC) ran the risk of magnifying Poland's expected economic deterioration later this year if growth remained slow and the zloty strong as a result of one of the highest real interest rates in the region.

As expected, the MPC on 30 May kept borrowi