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Print Text: A A

Topics News & Markets

Continuing inflation makes Poland keep main interest rate at 4.5 pct

By The Associated Press | February 08, 2012

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WARSAW, Poland - Poland's central bank left its main interest rate unchanged at 4.5 per cent on Wednesday amid expectations of an economic slowdown and inflation above the expectations.

The Monetary Policy Council of the National Bank of Poland has kept the interest rate unchanged since a hike in June to its highest level since 2009.

The bank offered no immediate explanation, but the decision was expected by analysts. The country's 4.3 per cent inflation rate for all of 2011 is above central bank's target of 4 per cent.

Poland's economy grew by 4.3 per cent in 2011, but the growth was expected to be under 3 per cent this year.

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