Poland delays first hike by one year
Central bank reduces its inflation forecasts for 2018 and 2019, and the zloty falls
The National Bank of Poland has delayed its first planned rate hike by one year to late 2019, cutting its inflation forecasts for 2018 and 2019.
The central bank left interest rates unchanged in its monetary policy meeting on March 7. The reference rate stays at 1.5% and the deposit rate at 0.5%. However, the first rate increase was delayed by over a year to late 2019 by the central bank’s president Adam Glapiński.
Additionally, the central bank reduced inflation forecasts relative to its
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