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
President of the Republic of Lithuania Dalia Grybauskaitė welcomed the decision taken by the U.S. Government to transport shipments for the international mission in Afghanistan by transit via the Klaipėda Seaport.
more »
EU Solidarity Fund aid to repair storm damage in France and Portugal was approved by the Budgets Committee on Thursday.
more »
The European Investment Bank and the Government of Samoa formally agreed to support the rehabilitation and upgrade of independent water schemes in the Pacific island state under a EUR 250,000 technical assistance programme.
more »
Steps to overhaul the European Union's flagship single market were discussed on Tuesday (9 November) by MEPs and interested parties.
more »
Strategy to secure a sustainable EU energy supply and support economic growth over the next decade.
more »
EU funding to help 850 former workers in the aircraft maintenance industry around Dublin find new jobs was approved by the European Parliament on Thursday.
more »
Saffron farmers in western Afghanistan hope to oust opium as a harvest crop.
more »
The European Commission has approved an application from Poland for assistance from the European Globalisation adjustment Fund (EGF).
more »
New plans for EU industry to create jobs while keeping manufacturing in Europe.
more »
The European Commission has approved two applications from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »