Poland May Leave Rates at Record Low Through 2014, Chojna Says - Bloomberg

Poland May Leave Rates at Record Low Through 2014, Chojna Says - Bloomberg:

"Poland’s central bank may keep its benchmark interest rate at a record low for as much as half a year longer than its official guidance as inflation risk remains subdued, policy maker Elzbieta Chojna-Duch said.
“It should be possible to keep rates unchanged even until the end of next year,” Chojna-Duch said in a Dec. 7 interview in Warsaw. “Short-term forecasts suggest inflation could be lower than our projection of 1.7 percent and there isn’t going to be any wage or price pressure with the economy growing at its current pace.”
The Narodowy Bank Polski last month pledged to hold its seven-day reference rate at 2.5 percent until the middle of 2014, reiterating that stance after policy makers left borrowing costs unchanged on Dec. 4 for a fifth month. It eased policy by 2.25 percentage points since November 2012 as the economy may grow this year at its slowest pace in a decade."

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