Poland’s Monetary Policy Council Holds Steady on Interest Rates

    In a recent decision, Poland’s Monetary Policy Council (MPC) has opted to maintain the reference interest rate at 5.75 percent, aligning with the expectations of the majority of economists, according to the country’s central bank.

    Following the conclusion of its session on Wednesday, the MPC also decided to keep other key rates steady, including the deposit rate at 5.25 percent, the Lombard rate at 6.25 percent, the rediscount rate at 5.80 percent, and the discount rate at 5.85 percent.

    The latest flash estimate from the Central Statistical Office (GUS) reveals that consumer goods prices experienced a year-on-year increase of 6.5 percent in November 2023. Additionally, on a monthly basis, these prices inched up by 0.7 percent during the same period.