RPP divided as to when to end flat rate period
Poland’s Monetary Policy Council (RPP) members disagreed on when to end the neutral monetary policy period at the council’s March sitting, the minutes of that meeting, published on Thursday, said.
Some of the central bankers were in favor of extending the period until the end of 2014, while others did not deem it necessary to make it longer that until mid 2014, as had been agreed earlier. They finally agreed to state that interest rates would remain flat at least until the end of Q3 2014.
“One of the factors justifying the extended period of interest rate stabilization was – in the opinion of some Council members – the need to limit economic uncertainty under mounting international risk related to the tensions emerging in the East.,” the document said.
