Inflationary Pressures Building Up?

August 2007
Emerging Europe Monitor: Central Europe & Baltic States;Aug2007, Vol. 14 Issue 8, p4
Country Report
Country Report
The article reports on the increase in the repo rate of the National Bank of Poland (NBP) on June 27, 2007. According to the author, the increase was mainly caused by the rapidly falling unemployment and strong wage growth. The NBP raised its benchmark interest rate during its monetary policy meeting. The NBP said that its decision was mainly based on concerns over further significant increases in wage growth. There was also a significant increase in average gross wage growth.


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