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Poland Eases Pace of Interest Rate Hikes as Economy Slows

  • Central bank lifts main rate by 25 bps to 6.75%, as expected
  • Polish economy contracted in 2Q as inflation accelerated
Adam Glapinski

Adam Glapinski

Photographer: Piotr Malecki/Bloomberg
Updated on

Poland’s central bank slowed the pace of interest-rate increases as it shifts focus from fighting inflation to preventing an economic downturn.

Policy makers lifted the benchmark rate by 25 basis points to 6.75% on Wednesday, as expected by most economists in a Bloomberg survey. The 11th straight increase follows half a percentage point hike in July and a report showing the economy contracted in the second quarter.