Poland's MPC decision in line with expectations, falling inflationary pressure noticeable, says FinMin
The Monetary Policy Council's decision was in line with market expectations, falling inflationary pressure is noticeable, Poland's finance minister Andrzej Domanski told PAP Biznes.
"The decision was in line with market expectations. We can see falling inflationary pressure, falling prices of energy, for example," Domanski said.
"Lower interest rates will translate into lower debt servicing costs, although the interest rate market was already pricing in this decision earlier, of course," he added.
The finance minister pointed out that lower interest rates promote economic growth and increase the availability of credit.
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.
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