{"id":56474,"date":"2021-12-08T19:38:07","date_gmt":"2021-12-08T15:38:07","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=56474"},"modified":"2021-12-08T19:39:51","modified_gmt":"2021-12-08T15:39:51","slug":"polands-central-bank-raises-benchmark-interest-rate","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/polands-central-bank-raises-benchmark-interest-rate\/12\/08\/market-updates\/","title":{"rendered":"Poland\u2019s Central Bank Raises Interest Rate"},"content":{"rendered":"\n<p>The Narodowy Bank Polski (NBP), Poland&#8217;s central bank, raised its benchmark interest rate by 50bps as expected to 1.75% on Wednesday. <br><br>The central bank also raised each of its other interest rates by 50bps; the discount rate on bills of exchange was lifted to 1.85% from 1.35%, the Lombard rate was lifted to 2.25% from 1.75%, while the deposit rate was lifted from 0.75% to 1.25%. <br><br>Central European currencies eased on Wednesday, with Hungary&#8217;s forint unmoved by a rise in inflation to a 14-year high and Poland&#8217;s interest rate hike which was expected by investors and traders. <br><br>Central banks around the region have hiked interest rates in recent months to battle surging price growth fueled by both external and domestic factors. The zloty traded down 0.2% on the day at 4.593 to the Euro.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Narodowy Bank Polski (NBP), Poland&#8217;s central bank, raised its benchmark interest rate by 50bps as expected to 1.75% on Wednesday. The central bank also raised each of its other interest rates by 50bps; the discount rate on bills of exchange was lifted to 1.85% from 1.35%, the Lombard rate was lifted to 2.25% from &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7664,7816,8265],"class_list":["post-56474","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-interest-rate-hike","tag-poland","tag-zloty"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=56474"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56474\/revisions"}],"predecessor-version":[{"id":56479,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56474\/revisions\/56479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53410"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=56474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=56474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=56474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}