Poland's central bank has left the benchmark interest rate unchanged as it examines whether eight increases in the past 16 months were enough to keep inflation in check, Bloomberg News reports.

The Narodowy Bank Polski in Warsaw kept its seven-day reference rate unchanged at 6%, in line with expectations of all 17 economists in a Bloomberg survey. Further policy tightening may be needed to bring inflation down to the target, the bank said in a statement after its meeting.

Slowing industrial output and retail sales indicate economic growth is slowing, easing pressure on inflation after the rate rose to an eight-year high of 4.8% in July. The economy may have grown an annual 5.6% in the second quarter, the weakest pace since the end of 2005, according to the median forecast of 10 economists.

For the complete story, click here.