NEWS
10th October 2009 - Polish interest rates to remain unchanged until end first quarter 2010
According to a government advisor, Adam Glapinski, Poland’s interest rates are set to remain steady until the end of the first quarter of 2010.
“Rates should stay on hold until a strong economic recovery is in place and inflation is flying high, that is above 2.5 percent,” Mr Glapi?ski told Polish newspaper Dziennik Gazeta Prawna.
A survey conducted by Reuters showed that analysts expect an interest rate increase of 25 basis points to 3.75 percent by the end of September 2010 and predicted inflation to ease to 2.4% in August 2010 from 3.7% in August this year.
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