WARSAW, Oct 3 (Reuters) - Poland's central bank kept its key interest rate unchanged at 4.75 percent on Wednesday, defying expectations that it would cut borrowing costs to help the ailing economy.
Twenty-one out of 27 analysts polled by Reuters last week had expected the bank's 10-strong Monetary Policy Council (MPC) to cut the key rate by 25 basis points to 4.50.
The bank will hold a news conference to explain its decision at 1400 GMT.
(Reporting By Karolina Slowikowska)
((firstname.lastname@example.org)(+ 48 22 653 97 25)(Reuters Messaging: email@example.com))
Keywords: POLAND RATES/