Poland's central bank probably will lower borrowing costs, the second highest in the European Union, for the first time since June 2003
Published:
30 March 2005 y., Wednesday
Poland's central bank probably will lower borrowing costs, the second highest in the European Union, for the first time since June 2003 after inflation slowed, a survey of economists showed.
The Monetary Policy Council may cut the benchmark seven-day intervention rate by half a point to 6 percent today, according to the median estimate of 18 economists surveyed by Bloomberg March 18-29. The decision will be announced after noon in Warsaw.
The bank must bring interest rates closer to the European Central Bank's 2 percent benchmark rate as Poland seeks to meet terms to adopt the euro by 2010. Consumer prices fell 0.1 percent in February and annual inflation slowed to 3.6 percent, a nine- month low, after the zloty's 24 percent surge against the dollar and 16 percent gain against the euro last year cut import costs.
Policy makers have said annual inflation will reach the central bank's target of 2.5 percent as early as the end of June.
Šaltinis:
Bloomberg
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »