WARSAW: Poland's central bank kept interest rates unchanged in February to give the recovery more time to take hold and will be able to make a better assessment of the economy's prospects thanks to its fresh forecasts due in March.
The central bank's minutes from the rate-setting meeting of its Monetary Policy Council held earlier in February also showed that its policymakers were not concerned about the zloty currency amidst the raging turmoil on emerging markets.
"According to the Council members, the resilience of the zloty to changes in the sentiment of the financial markets is supported by the relatively favourable economic situation in Poland, including the lack of any significant imbalances," the minutes published on Thursday showed.
Poland's key interest rate has been at 2.5 percent, an all-time low, since July last year. The central bank has said it will keep it there until at least mid-2014. Most analysts expect the next move to be a hike.
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