Poland to Keep Interest Rates Steady Despite Softening Economy
- Rate-setters to keep benchmark at 5.75% for seventh meeting
- Inflation is within tolerance range; data show slow recovery
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Poland’s central bank is expected to keep borrowing costs unchanged despite latest signs of economic weakness as policymakers are wary of inflation accelerating later in the year.
The Monetary Policy Council will leave the benchmark rate at 5.75% for a seventh consecutive meeting on Thursday, according to all 27 economists surveyed by Bloomberg. Central bank Governor Adam Glapinski said last month he won’t bend to pressure to reduce borrowing costs as the higher tax on food and potential end to energy price cap could reignite inflation.