Polish MPC carries out fifth consecutive rate rise
Committee says inflation will moderate in time and praises government policy on tax cuts
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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