Interest rates remain unchanged, as expected

The National Bank of Poland’s Monetary Policy Council (RPP) has decided to leave interest rates unchanged at its September sitting, the council said on Wednesday. Such a decision was widely expected by economists. Analysts had expected the RPP to maintain the neutral stance that it originally assumed in July 2013, in spite of some signals suggesting that a cut of the main rate was possible. The NBP’s reference rate remains at 2.50 percent, the lombard rate at 4.00%, the deposit rate 1.00 percent and the rediscount rate at 2.75 percent.