( ) -v-32- UNDATED (Correspondent Jeremy House) “std.” Poland’s central bank has lowered its interest rates by 75 basis points despite the country’s double-digit inflation rate. Correspondent Jeremy House has more on the story. [CutID: <Cuts> POLAND-INTEREST-RATE-house-v-THUam.mp3 Time: 32s Title: POLAND-INTEREST-RATE-house-v-THUam Out-cue: std] ————————————- VERBATIM: The move prompted concerns by economists that Poland’s central bank […]
Audio
Poland’s central bank surprises with sharp interest rate cuts despite double-digit inflation
( ) -v-32- UNDATED (Correspondent Jeremy House) “std.”
Poland’s central bank has lowered its interest rates by 75 basis points despite the country’s double-digit inflation rate. Correspondent Jeremy House has more on the story.
[CutID: <Cuts> POLAND-INTEREST-RATE-house-v-THUam.mp3
Time: 32s
Title: POLAND-INTEREST-RATE-house-v-THUam
Out-cue: std]
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VERBATIM: The move prompted concerns by economists that Poland’s central bank was providing an economic stimulus to help the governing party ahead of parliamentary elections next month. The National Bank of Poland’s monetary policy council announced that it was cutting the reference rate from 6.75% to 6%. Economists had been expecting a rate cut given an election planned for Oct. 15 in which the conservative governing party, Law and Justice, is fighting for an unprecedented third term. The central bank’s governor is an ally of the party…JH reporting.