Poland Raised Rates on GDP Growth and Inflation, Belka Says

Poland’s “persistently” high inflation rate and solid economic-growth figures in the first quarter prompted policy makers to raise borrowing costs last week, central bank Governor Marek Belka said.

The Narodowy Bank Polski in Warsaw raised its main rate by a quarter-point to 4.75 percent on May 9. The bank’s policy remains “accommodative” and policy makers are ready to react if the economic outlook worsens, Belka said in an interview for the bank’s Obserwatorfinansowy.pl today.