Rates round-up: Poland holds rates despite high inflation

poland-warsaw

Poland: The National Bank of Poland held its policy rate at 6.75% for the third consecutive meeting on December 7, despite persistent double-digit inflation.

The NBP raised its policy rate 11 times between October 2021 and September 2022, from a pandemic low of 0.1%.

In a statement, the NBP’s monetary policy committee noted that both the Polish and European economies were slowing. Headline inflation had fallen in the country to 17.4% in November, down from 17.9% the month before. The NBP

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