Poland's MPC cuts interest rate by 50 bps to 5.25 pct, in line with expectations
Poland's Monetary Policy Council (MPC) has decided to cut interest rate by 50 basis points to 5.25 pct, in line with analysts’ expectations and earlier statements, Poland's central bank NBP said on its website on Wednesday.
The MPC has also cut the deposit rate to 4.75 percent and the lombard rate to 5.75 percent.
The rediscount rate has been reduced to 5.30 percent and the discount rate to 5.35 percent.
The Council is slated to publish the statement following its meeting at 16:15 local time on Wednesday, May 7, while the follow-up monthly presser of the central bank's governor Adam Glapinski is scheduled for 15:00 local time on Thursday, May 8.
ao/ han/