Polish Central Bank Holds Rates

Poland’s central bank on Wednesday left its key interest rates unchanged as recent upbeat economic data likely offset deflationary concerns.

The Monetary Policy Council of the National Bank of Poland maintained the key reference rate at 2.00 percent, in line with economists’ expectations.

The bank last lowered the rate by 50 basis points in October.

The lombard rate was kept at 3 percent and the deposit rate was held steady at 1 percent. The rediscount rate was retained at 2.25 percent.

via Kitco

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza