Ludwik Kotecki News
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The yield on Poland’s 10-year bonds fell to a record low, making April the best month for the notes since November 2008, after policy maker Jerzy Hausner said the central bank will consider cutting rates further.
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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.
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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.
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Poland’s interest-rate setters may just be postponing the inevitable.
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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.
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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.
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Poland’s government is keeping its estimate of about 4 percent economic growth this year, which will help cut the budget gap to less than 5.6 percent of gross domestic product, Deputy Finance Minister Ludwik Kotecki said.
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The zloty remains “too strong” even after the central bank intervened to help stall the currency’s appreciation, Deputy Finance Minister Ludwik Kotecki said.
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Poland will keep 2011 public debt below the level forecast in the government’s four-year financial plan as it reduces contributions to private pension funds, said Deputy Finance Minister Ludwik Kotecki .
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Poland’s government will have to revise down its 2013 economic-growth forecast to “probably” below 2.5 percent, Ludwik Kotecki, chief economist at the Warsaw-based Finance Ministry, said today in an interview on Radio Tok FM.
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