Economics
Virus Spike Keeps Polish Interest Rates Locked Near Zero
- Central bank leaves benchmark at 0.1%, as economists predicted
- Borrowing costs won’t be raised before 2022, Pekao says
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Polish borrowing costs are being kept near zero as record new cases of Covid-19 reignite concerns about the economic outlook.
While some central bankers have urged interest-rate increases to be considered next year, analysts see little chance of a move before then. The bank left its benchmark at a record-low 0.1% on Wednesday, as unanimously predicted in a Bloomberg survey.