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Polish expects CPI to remain at moderate level
May 17, 2017 / 2:02 PM / 7 months ago

Polish expects CPI to remain at moderate level

WARSAW, May 17 (Reuters) - Poland’s inflation will likely remain at a “moderate” level in the coming quarters, the central bank said on Wednesday, explaining its decision to keep interest rates at an all-time low.

The bank also reiterated that the current level of borrowing costs, with the key rate at 1.50 percent since March 2015, has helped keep Poland on a path of balanced economic growth.

It also said that first quarter economic growth data may reflect a gradual revival in investment demand. (Reporting by Pawel Sobczak and Bartosz Chmielewski; Writing by Marcin Goclowski; Editing by Marcin Goettig)

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