The reference rate remains at 1.50 per cent. on an annual basis; Lombard 2.50 percent. on an annual basis; Deposit 0.50 percent. on an annual basis; and the rediscount rate 1.75 per cent. on an annual basis.
Conference, at which the council is expected to present reasons for the decision, scheduled at noon. 16.
The last rate cut took place in March – the Monetary Policy Council cut NBP interest rates by 50 bps. The Council informed in its press release that this decision means “closing the cycle of monetary policy easing.” At the April and May meeting, the Council kept interest rates unchanged.
Index Postbank economist Monika jackets indicated that Wednesday’s council decision was in line with market expectations. “As expected, the MPC did not change in interest rates today. The message after today’s meeting, the council probably little different from the last two” – she said.
“It will probably stressed that the Polish economy continues to accelerate, the structure of growth is satisfactory, and deflation has begun to narrow,” – she added.
Economist reiterated, however, that still does not expect changes in interest rates by the end of 2016.
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