Polish central bank Governor Adam Glapinski said on Thursday there were no reasons for cutting interest rates at the moment due to the outlook for inflation and he did not think that the current level of rates was a barrier to economic growth.

The Bank of Canada has cut its benchmark interest rate by 0.25 percentage points to 2.75 per cent, the lowest since July 2022. It is the seventh consecutive cut in the central bank’s monetary easing cycle as Canada’s inflation rate has been within policymakers’ target range of about 2 per cent.