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Poland’s central bank on Wednesday cut its benchmark interest rate by a quarter point to a record low of 2.5 per cent, in what most analysts feel is the end of the bank’s loosening cycle as the economy is starting to show slight signs of reviving.
The bank’s rate-setting Monetary Policy Council has been trying to get ahead of the slowing economy, cutting rates eight times since the end of last year, and there are signs that the economy has at least hit bottom and may be ready for a rebound.
William Jackson, emerging markets economist at Capital Economics, wrote:"
'via Blog this'
The bank’s rate-setting Monetary Policy Council has been trying to get ahead of the slowing economy, cutting rates eight times since the end of last year, and there are signs that the economy has at least hit bottom and may be ready for a rebound.
William Jackson, emerging markets economist at Capital Economics, wrote:"
'via Blog this'
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