the republic logo

Poland cuts main interest rate to 2 percent to stimulate domestic demand amid growth slowdown

bug
Share/Save/Bookmark

WARSAW, Poland — Poland's central bank has lowered its main interest rate by half a percentage point to stimulate the economy and nudge up inflation.

The Monetary Policy Council of the National Bank of Poland said Wednesday it had lowered the reference rate to 2 percent from 2.5 percent.

It was the first cut to interest rates since July 2013 and comes at a time of a broader economic slowdown in Europe.

Economists were not expecting such a large cut on Wednesday, but said it would help domestic demand fuel economic growth. The finance ministry expects growth of 3.3 percent this year, compared with 1.6 percent last year.

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Subjects:

Places:

 

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.