July 23, 2020 / 2:18 PM / 12 days ago

Poland's central bank head says interest rates will remain stable - PAP

FILE PHOTO: Poland's central bank governor-designate Adam Glapinski speaks during a hearing at a parliamentary panel at the Parliament in Warsaw, Poland May 20, 2016. Agencja Gazeta/Kuba Atys via REUTERS

WARSAW (Reuters) - Polish interest rates will remain stable, state-run news agency PAP quoted central bank governor Adam Glapinski as saying on Thursday.

The central bank has cut rates three times to almost zero this year and launched large-scale bond purchases to help the economy overcome the coronavirus crisis.

Asked what wil happen to interest rates in Poland and whether they will remain stable, Glapinski said “stabilisation”, PAP said.

Reporting by Agnieszka Barteczko and Anna Koper

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