Poland's central bank unexpectedly reduced its key interest rate for a third policy session in a row, citing an improvement in the inflation outlook.
The Monetary Policy Council, led by Governor Adam Glapinski, lowered the reference rate by 25 basis points to 4.50 percent, the Narodowy Bank Polski said in a statement on Wednesday. Economists had expected the bank to leave the rate unchanged.
The lombard rate was cut by similar volume to 5.00, percent, the deposit rate to 4.00 percent, rediscount rate to 4.55 percent and the discount rate to 4.60 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.