RPP leaves rates unchanged amid concerns about government borrowing

The Monetary Policy Council (RPP) decided on Friday not to lower the National Bank of Poland (NBP) interest rates, despite urgings by politicians. A month ago, the RPP lowered interest rates by 1.5 percentage points. But now it has voiced concerns over public borrowing, estimated at well above zl.10 billion. Analysts were expecting no move from the RPP, despite the fact that Poland's interest rates are in real terms among the highest in Europe. (Prawo i Gospodarka, p. 1; Reuters) T.J.