World Economy

Poland Keeps Rates Steady

Poland Keeps Rates SteadyPoland Keeps Rates Steady

The National Bank of Poland left its interest rates unchanged Wednesday, in line with expectations and earlier guidance, Dow Jones reported. Price declines have continued, but the central bank has said the easing cycle is completed. The central bank last cut its main rate in March 2015 when it trimmed it to 1.5%—its lowest rate on record. Poland’s central bank governor, Adam Glapinski, has said he expects rates to remain unchanged until early 2018, when he hopes economic growth will be solid enough to increase borrowing costs.

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