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NBP criticizes 'First Apartment' program for disrupting monetary policy mechanism

10:40

NBP criticizes 'First Apartment' program for disrupting monetary policy mechanism
Source: Pixabay

The Polish National Bank (NBP) has criticized the government's "First Apartment" program, which aims to provide state aid for housing, claiming that it disrupts the transmission mechanism of monetary policy and weakens the effects of interest rate hikes.

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