WARSAW: Poland’s Monetary Policy Council, on Wednesday, kept the key reference rate at 1.50%, the deposit rate at 0.50% and the Lombard rate at 2.50%, all record lows set in a 50 bps cut at the March sitting. The council said the move “concludes the monetary easing cycle” after the last rate cut.
Prospects for rate hikes in Poland are so distant that there is no need to speculate about them, NBP central bankhead Marek Belka told a news conference following the council’s April policy sitting.
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