Free Trial

MNI BRIEF: Poland Central Bank Hikes As Inflation Rises

(MNI) London

The National Bank of Poland has raised its benchmark reference rate by 50 bps to 2.25%, as predicted in the latest MNI Preview, with policymakers continuing to act as the country continues to fight rising inflation.

The Lombard rate was increased to 2.75% and the deposit rate no stands at 1.75%, the central bank said in comments accompanying the decision. The bank's full statement is set for 1530GMT, with the Governor's monthly press conference due on Wednesday.

Late last year, central bank deputy governor Marta Kightley outlined to MNI why policymakers were wary of rising inflation (MNI INTERVIEW: Polish National Bank Wary of Enduring Inflation).

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.