Poland increases the interest rate of 4.5 per cent (AP)

Warsaw, Poland - Central Bank of Poland Wednesday raised interest rates by a percentage point to a quarter of 4.5 per cent that it tries to curb inflation.

The National Bank of the fourth increase in the Poland this year has been widely expected that the price of fuel, food and other items continue to increase. The move also comes in strong consumer demand and high wage pressures.

Despite higher borrowing costs, the Poland economy continues to grow strongly. Economic growth this year should rise to about 4%.

Bank BPH in Warsaw said that it expects a rise in rates more this year if inflation remains high.

View the original article here