FOREX TradingCharts.com

Financial News: Poland Keeps Key Rate At Record Low

Poland Keeps Key Rate At Record Low

09/06/2017 - 08:01:00 (RTTNews)

(RTTNews) - Poland's central bank retained its record low interest rate, as widely expected.

The Monetary Policy Council of the National Bank of Poland on Wednesday, decided to hold the key reference rate at a record low 1.50 percent.

The previous change in the reference rate was a half-basis point cut in March 2015.

The lombard rate was maintained at 2.50 percent and the deposit rate at 0.50 percent. The rediscount rate was left unchanged at 1.75 percent.

Inflation rose to 1.8 percent in August from 1.7 percent in July. At the same time, core inflation remained at 0.8 percent.

With the economy now operating at full employment, Liam Carson, an economist at Capital Economics expects core inflation to pick up markedly over the coming quarters.

Carson said headline inflation is likely to rise above the central bank's 2.5 percent target in the first half of next year, which will prompt the start of a monetary tightening cycle.

The economist ultimately sees 100 basis point of hikes to the policy rate in 2018, taking it to 2.50 percent by year-end.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Philippine Central Bank Maintains Key Rates (13 min(s), 47 sec(s) ago)
(RTTNews) - The Philippines' central bank on Thursday decided to maintain its key interest rat ...Full Story»

Taiwan Holds Key Interest Rates (32 min(s), 47 sec(s) ago)
(RTTNews) - Taiwan central bank left its key interest rate unchanged on Thursday, as widely expect ...Full Story»

Hong Kong Inflation Eases In August (37 min(s), 47 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation eased slightly in August, figures from the Ce ...Full Story»

S&P Lowers China's Rating; Outlook Stable (01 hr(s), 17 min(s), 47 sec(s) ago)
(RTTNews) - S&P Global Ratings downgraded China's sovereign ratings citing higher economic ...Full Story»

UK Budget Deficit Narrows In August (01 hr(s), 41 min(s), 47 sec(s) ago)
(RTTNews) - The UK budget deficit decreased to its lowest August level since 2007, data from the O ...Full Story»

Norway Keeps Key Rate Unchanged (02 hr(s), 06 min(s), 47 sec(s) ago)
(RTTNews) - Norway's central bank retained its key policy rate and hinted that the rate will r ...Full Story»

RBA Chief Says Australia's Economy Does Look To Be Improving (02 hr(s), 36 min(s), 47 sec(s) ago)
(RTTNews) - Australia's economy does look to be improving, Reserve Bank of Australia Governor ...Full Story»

Denmark Consumer Confidence Weakens Further (03 hr(s), 04 min(s), 47 sec(s) ago)
(RTTNews) - Denmark's consumer confidence weakened for the second straight month in September, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Philippine Central Bank Maintains Key Rates

09/21/2017 - 06:20 AM (RTTNews)
(RTTNews) - The Philippines' central bank on Thursday decided to maintain its key interest rat ...Full Story>>

Taiwan Holds Key Interest Rates

09/21/2017 - 06:01 AM (RTTNews)
(RTTNews) - Taiwan central bank left its key interest rate unchanged on Thursday, as widely expect ...Full Story>>

Hong Kong Inflation Eases In August

09/21/2017 - 05:56 AM (RTTNews)
(RTTNews) - Hong Kong's consumer price inflation eased slightly in August, figures from the Ce ...Full Story>>

S&P Lowers China's Rating; Outlook Stable

09/21/2017 - 05:16 AM (RTTNews)
(RTTNews) - S&P Global Ratings downgraded China's sovereign ratings citing higher economic ...Full Story>>

UK Budget Deficit Narrows In August

09/21/2017 - 04:52 AM (RTTNews)
(RTTNews) - The UK budget deficit decreased to its lowest August level since 2007, data from the O ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.