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Article: Full statement from Monetary Policy Council sitting of March 25-26, 2003 (1 of 3).
- Article from:
- Poland Business News
- Article date:
- March 26, 2003
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Full statement from Monetary Policy Council sitting of March 25-26, 2003 (1 of 3)
Warsaw. March 26. INTERFAX-EUROPE - The Monetary Policy Council (RPP) of the National Bank of Poland (NBP) cut official interest rates by 25 basis points across the board at its March sitting.
The reductions, which go into effect on March 27, are in line with most analyst and market expectations, though some had said recently that geopolitical and domestic political uncertainty could stay the council's hand.
Following is the first part of three of the council's official statement, as translated by Interfax.
INFORMATION FROM MONETARY POLICY COUNCIL SITTING ...