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Polish interest rate hike
By NEWS SYSTEM
Published: November 29th, 2007
Related tags: inflation, interest
The Monetary Policy Council (RPP) has raised interest rates by 25bps across the board, as expected, to 5.00% in the case of the key market intervention rate as it expects further rise of wage pressures and, as a consequence, CPI pressure, which will likely lead to headline inflation's remaining above the path envisaged in the central bank's October CPI projection, the National Bank of Poland (NBP) said in a communiqué after the RPP's sitting.
