The Polish central bank raised its key interest rates by a quarter percentage point, a statement said
Published:
3 August 2004 y., Tuesday
The Polish central bank raised its key interest rates by a quarter percentage point, a statement said.
The bank increased its discount rate from 6.25% to 6.55, the Lombard rate from 7.25% to 7.5% and the minimum bank intervention rate to 6% over a year.
Wednesday's increase defied predictions by analysts, who had thought the bank's monetary policy council would wait for its August meeting to hike rates, after increasing basic interest rates by 50 basis points on June 30 in response to a 3.4% year-on-year increase in inflation.
That was the first increase since 2001.
Before that the last change in interest rates was a drop of 25 basis points on June 25, 2003.
Šaltinis:
bday.co.za
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Economic growth in Estonia soared by 6.8 percent year-on-year in the first quarter of this year
more »
Lithuania’s economy may reach the level of old EU member states in 18 years
more »
Estonia, Lithuania and Slovenia on Sunday became the first EU newcomers to join the "exchange-rate mechanism"
more »
European stocks rose, paced by airlines including British Airways Plc and trucking companies such as Exel Plc, as increased oil supplies from Iraq
more »
The European Commission concedes its been pointing a little too hard at the piggy bank lately
more »
Small companies having less than 10 employees and annual revenues up to LTL 1 million (EUR 290,000) will have a zero profit tax rate
more »
Industrial group Siemens AG won't move 2,000 phone assembly jobs from northwest Germany to lower-wage Hungary
more »
Russian oil firm Yukos has brought in government insider Viktor Gerashchenko to spearhead its effort to avoid bankruptcy by seeking to settle a massive tax bill
more »
The size of Hungary's budget deficit is likely to attract strong criticism from the European Union
more »
Radisson SAS Hotels & Resorts, the first class hotel brand of Rezidor SAS Hospitality, has signed an agreement to manage its first hotel in Macedonia
more »