Skip to Content

Poland raises interest rates, seeking to tame inflation

KTVZ

By VANESSA GERA
Associated Press

WARSAW, Poland (AP) — Poland’s central bank has unexpectedly raised interest rates as the central European nation faces an accelerating inflation rate that is currently the highest in the European Union. The annual inflation rate registered at 5.8% in September. That’s the highest in two decades. Economists predict that it is likely to accelerate even further in the coming months. The National Bank of Poland raised the reference rate to 0.5% from 0.1%. Wednesday’s decision came as a surprise. Many experts had expected that interest rates wouldn’t go up until next year because many of the reasons for the rising inflation are related to temporary shocks beyond the control of the central bank.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content