The Monetary Policy Council (RPP) has increased interest rates by 50 basis points, which means that the prime indication rate of the National Bank of Poland increased to 5.75 per cent.
This was far beyond the expectations of analysts and investors and the value of the zіoty rose after the decision was announced.
According to analysts, such a large rate increase was related to the desire to meet the target level of inflation. NBP governor Leszek Balcerowicz said he expects to see further interest rate increases this year.
Source: Warsaw Business Journal
