Poland Interest Rates Hike is Considered to Halt Inflation

Poland Interest Rates Hike is Considered to Halt Inflation

Poland?s central bank will probably raise interest rates at a meeting that starts today to damp inflationary expectations as consumer prices already grow faster than targeted by policy makers.

The Monetary Policy Council will lift the benchmark seven- day rate by a quarter-point to 4 percent, according to 21 of 30 economists surveyed by Bloomberg. Nine expect borrowing costs to remain unchanged. The Warsaw-based central bank will announce its decision tomorrow.

Source: Poland Interest Rates Hike is Considered to Halt Inflation