Poland cuts interest rates by 25 basis points


By Cui Li

WARSAW, March 4 (Xinhua) -- Poland's Monetary Policy Council (MPC) on Wednesday cut the benchmark interest rate by 25 basis points to 3.75 percent from 4 percent, the National Bank of Poland (NBP) said.

The decision also affects other key rates: the lombard rate now stands at 4.25 percent, the deposit rate at 3.25 percent, the rediscount rate at 3.8 percent, and the discount rate at 3.85 percent -- all on an annual basis.

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