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Poland Central Bank Cuts Rates For Third Time

Poland Central Bank Cuts Rates For Third Time

Poland's central bank unexpectedly reduced its key interest rate for a third policy session in a row, citing an improvement in the inflation outlook. The Monetary Policy Council, led by Governor Adam Glapinski, lowered the reference rate by 25 basis points to 4.50 percent, the Narodowy Bank Polski said in a statement on Wednesday. Economists had expected the bank to leave the rate unchanged.
RTTNews | 337 days ago
Polish Economy Expands 4.9% In 2022

Polish Economy Expands 4.9% In 2022

The Polish economy expanded during the year 2022 amid a solid increase in domestic demand and investments, though at a slower pace compared to the previous year, flash data from Statistics Poland showed on Monday. Gross domestic product advanced 4.9 percent in 2022 versus a 6.8 percent rise in 2021.
RTTNews | 1319 days ago