Polish central bank cuts rates again
Glapiński again denounces critics, as inflation falls below 10% but remains above target
The National Bank of Poland’s (NBP) monetary policy committee lowered rates again on October 4, after inflation fell but remained above target.
The MPC cut its reference rate by 25 basis points to 5.75%, and lowered four linked rates by the same amount. This was smaller than its 75bp cut in September, which surprised market analysts and sparked strong criticism from opposition politicians.
Year-on-year headline inflation fell for the eighth consecutive month in September to 8.2%, but remained
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