Polish Central Bank Retains Key Rate At 4.5%

" /> 01/11/2012 08:24

Poland's central bank on Wednesday decided to leave its key interest rate unchanged as expected by economists.

The National Bank of Poland kept its reference rate unchanged at 4.50 percent. The bank last raised the interest rate by a quarter point in June.

The bank also maintained the lombard rate at 6 percent. The deposit rate and the re-discount rates were left unchanged at 3 percent and 4.75 percent, respectively.

Poland's core inflation accelerated to to 3 percent in November from 2.8 percent in October, hitting the the highest level in nearly 10 years. The consumer price inflation rose to 4.8 percent from 4.3 percent.

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