Polish inflation slowed to its weakest pace in more than six years in March, adding to pressure on policy makers to resume cutting interest rates.
Polish inflation probably slowed to its weakest pace in more than six years in March, adding to pressure on policy makers to resume cutting interest rates.
Poland’s interest-rate setters may just be postponing the inevitable.
Poland’s government hasn’t yet decided on whether it will cut contributions to privately managed pension funds to narrow the budget deficit, Finance Minister Jacek Rostowski said.
Poland’s manufacturing contraction deepened in March and the government signaled it may seek a wider budget deficit this year as the economic slowdown saps revenue.
The zloty headed for its weakest close in almost two weeks as concern for Europe’s recovery overshadowed praise from Moody’s Investors Service for meeting Polish borrowing needs in advance.
Poland’s currency fell to the lowest level in more than a week against the euro after a deeper-than- expected slowdown in manufacturing spurred speculation of further interest-rate cuts.
Poland’s ruling Civic Platform party may agree to a referendum on euro adoption if the main opposition party approves constitutional amendments allowing for the currency switch, Gazeta Wyborcza reported today.
Rescuers have evacuated all 19 workers trapped after a cave-in yesterday at KGHM Polska Miedz SA’s Rudna copper mine near Polkowice in western Poland.
Poland’s ruling Civic Platform abandoned its plan to implement a flat tax rate, Gazeta Wyborcza reported, citing Rafal Grupinski, the deputy head of the party’s parliamentary club.