Wednesday, the Polish central bank left interest rates unchanged as expected.

The Narodowy Bank Polski held the reference rate, which is the benchmark interest rate, at a record low of 3.75%. The central bank left the rate unchanged after five reductions in a row since November 2008.

The central bank maintained the Lombard rate at 5.25%, the deposit rate at 2.25% and the rediscount rate at 4%.

Inflation is holding up as well as unemployment. Core inflation stood at 3.6% year-over-year in March, up from 3.3% recorded in the previous month. Rising for the fifth month consecutive month, the jobless rate climbed to 11.2% in March from 10.9% in February.

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