National Bank of Poland cuts rates again but predicts recovery
“Significant fall” in activity likely to reverse in latter part of the year, policy-makers say
The National Bank of Poland has further eased its monetary policy in the wake of the Covid-19 shock, cutting its main rate to 0.1%.
The 40 basis point cut follows a 50bp cut in April. Last month, the central bank also launched an asset purchase programme for government bonds and government-guaranteed debt on the secondary market. In its statement today (May 28), the NBP said asset purchases would continue, though it avoided giving detailed figures, saying only that bond buying would be varied
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