NBP ends monetary easing cycle at record low at 2.5%
Czech retail sales surprises positively
Yesterday, the Polish central bank did not surprise when it lowered its base rate by 25 basis points to a record low at 2.5%. At the same time the governor Marek Belka announced, that the decision to cut interest rate ends the loosening cycle of monetary policy. NBP has started its monetary easing in November last year and altogether cut its base rate by 2.25 percentage points.
Read the full report: FX Daily
KBC