Polish Central Bank raises benchmark interest rate 50bps to 1.75% as expected

The Narodowy Bank Polski (NBP), Poland's central bank, raised its benchmark interest rate by 50bps as expected to 1.75% on Wednesday. It 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%.