Poland’s central bank on Wednesday raised interest rates by a quarter point to 5.75 per cent amid signs of faster than expected economic growth.

The increase was the third in the last three months and the seventh since the current round of tightening began a year ago, which has seen the bench-setting interest rate rise by 175 basis points. Analysts expect the bank’s rate-setting Monetary Policy Council to raise rates at least once more to 6 per cent.