Rafal Benecki News
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The zloty advanced the most in 10 months as Poland’s central bank sold foreign currencies on the market to curb volatility, which set a six-month high.
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The zloty advanced the most in 10 months as Poland’s central bank sold foreign currencies on the market to curb volatility, which set a six-month high.
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Polish industrial output rose for the first time in three months in April as an extra working day helped boost production.
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Polish economic growth matched an 11- year low in the first quarter, boosting the case for further interest-rate reductions by the nation’s central bank.
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Poland’s interest-rate setters may just be postponing the inevitable.
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Poland’s central bank kept interest rates unchanged for the first time in five months as policy makers expect record-low borrowing costs will reinvigorate the European Union’s largest eastern economy.
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Polish government bond yields plunged to record lows after the nation’s industrial output dropped more than expected in March, spurring speculation of more monetary easing to bolster a slowing economy.
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Polish consumer-price growth slowed in August as fuel costs eased, building the case for an interest-rate cut this year.
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Polish inflation was probably the slowest in more than five years last month as the flagging economy curbed demand, providing scope for further interest-rate cuts even after borrowing costs were trimmed to a record low.
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The zloty rallied and bond prices fell as Poland’s central bank unexpectedly left interest rates unchanged after the slowest economic growth in almost three years.
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