(Finance) – The Central Bank of Poland raised its prime rate to 6.5%equal to a increase of 50 basis points, at a lower level than the economists’ estimates (6.75%). Narodowy Bank Polski stressed that further decisions “will depend on incoming information on the prospects for inflation and economic activity, including the impact of the Russian military aggression against Ukraine on the Polish economy”.
Central bank officials say the economic conditions remained favorable in the second quarter of 2022, however, “growth in economic activity slowed down”. This is accompanied by the lowest unemployment rate ever recorded and by “a marked increase in wages“A further slowdown in economic growth is expected for the next few quarters, while both the national and global economic outlooks are subject to great uncertainty.