Poland’s Monetary Policy Council has decided not to cut interest rates - the base rate remains at 3.75.
Analysts expected this decision, citing a lack of inflationary pressure at the moment and recent indicators that the economic slowdown has began to bottom-out.
The Monetary Policy Council began to slash interest rates last November with a cut of 0.25 base points – the first cuts since February 2006. In December 2008 and January 2009, the Council slashed rates by 0.75 points. February and March saw cuts by 0.25 base points. (mmj/pg)