April 5, 2017 / 2:09 PM / 6 months ago

Polish c.bank expects CPI to stabilise at "moderate" level

WARSAW, April 5 (Reuters) - Poland’s inflation will likely stabilise at a “moderate” level in the coming quarters, the central bank said on Wednesday, explaining its decision to keep interest rates at an all-time low.

The bank also reiterated that the current level of borrowing costs, with the key rate at 1.50 percent since March 2015, has helped keep Poland on a path of balanced economic growth.

“The stabilisation of price growth in the coming quarters will be facilitated by a fading out of the effects of earlier rises in commodities prices on global markets,” the bank said in a statement.

“The risk of exceeding the inflation target in a sustained way in the medium term is limited,” the bank said. (Reporting by Pawel Sobczak and Bartosz Chmielewski; Writing by Marcin Goettig)

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