Polish cb says inflation rate will top target

Inflation will exceed its 2.5% target in 2007 and breach 3.5% by the second half of next year according to the National Bank of Poland's latest quarterly inflation outlook.

The report assumes interest rates will be kept on hold. The central bank left borrowing costs unchanged for the second month running on 31 October after three rises earlier this year. The inflation rate rose to 2.3% in September from 1.5% in August as policy makers try to keep it between 1.5% and 3.5% to help adopt the eur

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