WARSAW, Poland (AP) -- Poland's central bank left its main interest rate unchanged at 4.5 percent on Wednesday amid expectations of an economic slowdown and inflation above the expectations.
The Monetary Policy Council of the National Bank of Poland has kept the interest rate unchanged since a hike in June to its highest level since 2009.
The bank offered no immediate explanation, but the decision was expected by analysts. The country's 4.3 percent inflation rate for all of 2011 is above central bank's target of 4 percent.
Poland's economy grew by 4.3 percent in 2011, but the growth was expected to be under 3 percent this year.
There are no comments yet