Poland Leaves Key Lending Rates Untouched

The National Bank of Poland (NBP) left key lending rates in Poland untouched Wednesday, in line with market expectations.

The key benchmark rate stayed pegged at the record low of 4.00 per cent, set by the central bank's independent Monetary Policy Council (RPP) in February.

The Lombard rate - the rate at which the central bank grants emergency loans to commercial banks - stayed at at 5.50 per cent.

Another rate used by the central bank for loans to commercial banks, the discount rate, remained at 4.25 per cent, while the deposit rate remained at 2.50 per cent, an RPP statement said.

Many economists believe the RPP will hold key lending rates at the current level until early 2007.
Source: