Poland's rate-setting Monetary Policy Council (RPP) opted on Wednesday (27 August) to keep official borrowing costs on hold for a second month due to what it said were signs of economic recovery gathering pace and the prospect of fiscal loosening.
The RPP's decision means that the 14-day intervention rate remains at 5.25%, the Lombard emergency funds rate at 6.75%, the rediscount rate at 5.75% and the commercial deposit rate at 3.75%. Its policy bias remains neutral.
Source: Interfax
