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
The financial and economic crisis has shown that reckless behaviour of banks and other financial institutions can have serious and costly consequences for Europe's economy and its people.
more »
Local services that create jobs and improve energy efficiency received a boost Thursday (2 September) when MEPs on the Industry, Research and Energy Committee approved plans for more investment.
more »
The European Commission approved the first financing decisions under the EUR 264 million 2010 allocation for the so-called Vulnerability FLEX mechanism to help the most vulnerable African, Caribbean and Pacific countries cope with the impact of the global financial crisis and economic downturn.
more »
The European Commission has today updated the list of airlines banned in the European Union to impose an operating ban on one air carrier from Ghana and to place operating restrictions on another air carrier from that country.
more »
The European Commission today approved an application from Denmark for assistance under the European Globalisation adjustment Fund (EGF).
more »
Algirdas Šemeta, EU Commissioner for Taxation, Customs Union, Anti-Fraud and Audit, will open tomorrow an international conference at the Shanghai World Expo 2010 on building bridges to facilitate trade between China and the EU.
more »
Moldova is set to receive an EU grant of up to €90 million to help it through the financial crisis, following a vote at Parliament's Committee on International Trade on Monday.
more »
Important notice: since May 2010 business surveys data are classified in accordance with an updated version of the Nomenclature of Economic Activities (NACE rev. 2) causing a potential break in series at this date.
more »
75% of Europeans think that stronger coordination of economic and financial policies among EU Member States would be effective in fighting the economic crisis, according to the Spring 2010 Eurobarometer, the bi-annual opinion poll organised by the EU.
more »
The European Commission has extended until the end of the year the liquidity support scheme for banks in Slovenia.
more »