Poland May Raise Benchmark Rate for Fourth Time in 2011
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Poland’s central bank will probably increase its benchmark interest rate for the fourth time this year as consumer prices rise faster than policy makers target.
The Narodowy Bank Polski in Warsaw will increase the benchmark seven-day interest rate by a quarter-point to 4.5 percent, according to 26 of 33 economists surveyed by Bloomberg. The decision will be announced tomorrow after 12 p.m. Seven analysts estimate the rate will remain unchanged. Rate setters start their two-day meeting today.