Interest rate cut finally passes in Poland


The National Bank of Poland's monetary policy council has lowered benchmark interest rates at the fourth time of asking, it was revealed in minutes published on November 22.

The benchmark interest rate was lowered by 25 basis points to 4.5% in the council's November 7 meeting, after an initial proposal for a 50 basis point cut was rejected. Proposals for cuts were also snubbed in the council's previous three meetings.

Annual inflation in Poland in September was 3.8% – above the central bank's

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