By CentralBankNews.info
Poland’s central bank left its monetary policy reference rate stable at 2.0 percent, surprising economists who had expected another rate cut, saying economic growth and last month’s easing of monetary policy would limit the risk of inflation remaining below the bank’s target.
However, the National Bank of Poland (NBP), which cut its rate by a higher-than-expected 50 basis points on Oct. 8, noted the uncertainty surrounding the prospects for the country’s economy and it said it “does not rule out further adjustment of monetary policy, should the incoming data point to a risk of deterioration in economic growth outlook.”