By Patryk Wasilewski

WARSAW--Poland's monetary policy council will consider extending its current forward guidance in July when updated economic forecasts from the central bank are available, minutes from its April meeting showed Thursday.

The 10-strong interest rate panel kept borrowing costs at an all-time low of 2.5% in April and reiterated it won't change policy at least until September as the economy continues its recovery and inflation remains low.

Governor Marek Belka indicated after the decision that the panel is likely to keep the borrowing costs unchanged in the fourth quarter as well.

The latest batch of the central bank forecasts sees economic expansion continuing at a pace around 3.6%-3.7% in 2014 and 2015 without causing inflationary pressures. The central bank expects consumer inflation, which was at 0.7% in March, to accelerate only gradually before hitting the bank's 2.5% goal sometime in 2016.

Central and Eastern Europe's top economy grew 1.6% last year, but the European Union's recovery and an improving domestic market are expected to drive recovery to about 3.6% this year.

Write to Patryk Wasilewski at patryk.wasilewski@wsj.com