Poland's central bank kept rates unchanged even as the economy grows at its fastest pace in seven years.
Narodowy Bank Polski said its monetary policy committee decided to maintain the reference rate at 1.50%, the lombard rate at 2.50%, the deposit rate at 0.50% and the rediscount rate at 1.75%.
Inflation slowed in December from a five-year high, declining to an annual 2.1%, while the economy probably notched up growth in excess of 5% in the fourth quarter, Bloomberg News said. Gross domestic product grew by 4.7% in 2017, the fastest pace since 2011, Reuters said citing preliminary government data.
Central bank Governor Adam Glapinski has already retreated from dovish guidance that a period of record-low borrowing costs could last into 2019, signaling that a quarter-point rate increase is possible around the turn of the year, Bloomberg News said.
