Polish MPC carries out fifth consecutive rate rise

National Bank of Poland entrance and sign
The National Bank of Poland
Photo: Andrzej Barabasz (Chepry)

The Polish central bank’s monetary policy committee raised interest rates for the fifth consecutive meeting in response to a continuing rise in inflation.

The National Bank of Poland’s 10-member MPC, chaired by governor Adam Glapiński, voted to raise the reference rate by 50 basis points to 2.75%. It also raised the mandatory capital reserve ratio for Polish banks from 2% to 3.5%, and increased another four subsidiary rates.

This was the first MPC meeting for two new members, Przemysław

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