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08 June 2011

POLAND: C.Bank Raises Benchmark To 4.5%.

BLOOMBERG

The central bank/Narodowy Bank Polski has raised its 7-day interest rate by 25 basis points...to 4.5%.
So far this year, the c.bank has raised its benchmark rate by 100 basis points to fend-off inflation.
In April, inflation increased to 4.5%...from 4.3% in March.
The central bank has set a 2.5% inflation target.
In Q1, Poland's economy grew by 4.4% from a year earlier...nearly the fastest pace since 2008.
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Labels: Narodowy Bank Polski
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