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Article: Monetary Policy Council maintains rates, cuts banks' mandatory reserves - official documentation.
- Article from:
- Poland Business News
- Article date:
- September 30, 2003
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Monetary Policy Council maintains rates, cuts banks' mandatory reserves - official documentation
Warsaw. September 30. INTERFAX-EUROPE - The Polish central bank's Monetary Policy Council (RPP) announced Tuesday that it would leave official interest rates unchanged but would reduce banks' mandatory reserve levels from the current 4.5% to 3.5%. The council also continued to maintain a neutral bias in monetary policy.
Following is the decision of the Monetary Policy Council, as translated by Interfax.
INFORMATION FROM MONETARY POLICY COUNCIL SITTING OF SEPT. 29-30, 2003
A sitting of the Monetary Policy Council (RPP) occurred on September ...