RPP keeps rates stable as expected
As most leading economists had predicted, RPP kept interest rates at the same level as last month. The key interest rate will stay at 6.5 percent, the rediscount rate at 7.0 percent, the Lombard rate at 8 percent, and the commercial deposit rate at 5 percent.
According to experts, the RPP's decision will not affect the złoty's continued growth, which due to the dollar's decline on the world market, might get even stronger.
Macroeconomic fundamentals "are solid," according to Finance Minister Gronicki. He expressed his satisfaction concerning the "policy mix" (fiscal and monetary) and said that no changes should be expected in the rather restricted monetary policy till the end of the year.
(A.D., ISB)
According to experts, the RPP's decision will not affect the złoty's continued growth, which due to the dollar's decline on the world market, might get even stronger.
Macroeconomic fundamentals "are solid," according to Finance Minister Gronicki. He expressed his satisfaction concerning the "policy mix" (fiscal and monetary) and said that no changes should be expected in the rather restricted monetary policy till the end of the year.
(A.D., ISB)
