Polish Central Bank Will Probably Keep Rates at Record Low, Survey Shows

The following is a survey of forecasts for the Polish central bank’s monthly meeting on interest rates.

The bank will leave the benchmark seven-day reference rate unchanged at a record-low 3.5 percent, according to all 15 economists surveyed by Bloomberg. The last reduction of the rate was by a quarter-point in June 2009.

The council starts its two-day meeting today and a decision will be announced at about noon tomorrow, followed by a press conference at 4 p.m. in Warsaw.

The following is a list of banks predicting the rate won’t change:

BRE Bank in Warsaw
Bank BPH in Warsaw
Bank Millenium in Warsaw
Bank Pekao in Warsaw
Bank Zachodni WBK in Warsaw
Ceska Sporitelna in Prague
Citibank Handlowy in Warsaw
Danske Bank in Copenhagen
Goldman Sachs in London
J.P. Morgan in London
Morgan Stanley in London
PKO Bank Polski in Warsaw
Raiffeisen Bank Polska in Warsaw
Societe Generale in Warsaw
WestLB in Warsaw

To contact the reporter on this story: Monika Rozlal in Warsaw at mrozlal@bloomberg.net

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