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Press conference held after the January 2013 meeting of the Monetary Policy Council

Date: 09-01-2013

Report: The Monetary Policy Council reduced again interest rates by 0.25 percentage points. The Council also announced that it did not rule out further monetary policy easing should the economic slowdown continue and the risk of rising inflationary pressures be limited.

The Monetary Policy Council, at the meeting held on 8 and 9 January 2013, decided to reduce interest rates to the same extent as a month earlier, i.e. by 25 basis points. As of 10 January 2013, the reference rate will be 4.00% on an annual basis, the Lombard rate - 5.50% on an annual basis, the deposit rate - 2.50% on an annual basis, and the rediscount rate - 4.25% on an annual basis.

The press conference held after the Council's meeting was attended by the NBP President, Prof. Marek Belka, and the Council members - Prof. Anna Zieli