Poland Holds Rates as Iran War Fallout Stokes Inflation

Poland’s central bank kept interest rates unchanged for a second month as the fallout of the Iran war on energy prices revives long-benign domestic inflation.

The rate-setting Monetary Policy Council kept the benchmark at 3.75% on Wednesday, matching forecasts from all economists surveyed by Bloomberg. The Polish zloty held on to gains following the announcement, trading at a two-week high against the euro.