NBP senior official indicates inflation little changed, GDP steady in January

Inflation amounted to between 3.6% and 3.8% year-on-year in January, compared to 3.6% in December, a senior National Bank of Poland (NBP) executive said yesterday. In remarks to Reuters, NBP deputy governor Andrzej Bratkowski also said gross domestic product (GDP) growth in the first quarter of 2002 would be "steady" from the 0.6% year-on-year level hit in the fourth quarter of last year. The central bank cut its main market interest rate by 150 basis points to 10% last month. (Reuters)