WARSAW: Poland's interest rates are likely to remain stable this year a member of the central bank's rate-setting panel was quoted as saying on Wednesday.
The central bank has made a final cut of a quarter-point in July, bringing its main rate to a record-low of 2.5 percent and signalled it was switching its monetary policy to a neutral bias, because it expected Poland's economy to improve.
"What we can say for sure is that there will be no changes in interest rates until the end of this year," Anna Zielinska-Glebocka told the state news agency PAP, echoing previous comments of her fellow policymakers, including the central bank's governor Marek Belka.
"Stabilisation until the end of this year may be prolonged, but with no declaration that it will be so throughout the whole of 2014," she added.
Poland's 6x9 forward rate agreements, indicating where interest rates will be over the next six months, price in no changes in borrowing costs during this time.
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