trending Market Intelligence /marketintelligence/en/news-insights/trending/jr6evi2ofp-g32i4io5iya2 content esgSubNav
In This List

Poland's central bank holds key rate

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter


Poland's central bank holds key rate

The Polish central bank kept its reference rate at 1.50%, in line with expectations.

Narodowy Bank Polski also maintained the Lombard rate at 2.50%, the deposit rate at 0.50% and the rediscount rate at 1.75%.

"As expected, rates remained unchanged, but the recent problems in emerging markets should have a limited impact on the central bank's monetary policy," said Jakub Rybacki, an economist at ING, in a note.

The current policy stance is supported by a moderation of annual GDP growth, which is expected to ease to 4.4% in the second half from 5.1% in the prior six-month period, Rybacki said.

Policymakers should also consider the risk of undershooting the inflation target in the fourth quarter, though any possible deceleration is likely to be temporary, Rybacki added.

Given these factors, the central bank is expected to maintain flat rates through 2020, the economist said.