Poland and Serbia hold rates
Both central banks cite effects of Middle East conflict in explaining policy decisions
The Polish and Serbian central banks held rates today (April 9), citing increased risks relating to the conflict in the Middle East.
In its press release, the National Bank of Poland (NBP) said its decision reflected a surge in domestic inflation. It said Statistics Poland’s estimate for March had already put consumer price index (CPI) inflation at 3%, a 0.9 percentage point increase on February, owing to a “strong surge in fuel prices” following the US and Israel’s attacks on Iran.
The NBP had
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