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The Polish central bank’s unexpected cut in interest rates is prompting investors to anticipate more reductions, brushing aside Governor Marek Belka’s efforts to temper speculation for further easing.
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Poland’s central bank cut its benchmark interest rate to a record low as the European Union’s largest eastern economy struggles with slowing growth.
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The forint strengthened to its highest level in three weeks as German industrial production rose for a second month and an unexpected acceleration in China’s external trade growth boosted riskier, emerging-market assets.
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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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Below are some frequently asked questions about Italy’s elections that begin tomorrow and conclude the following day.
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Hungary needs a precautionary standby loan agreement with the International Monetary Fund to defend against contagion from a potential worsening of the euro crisis, Bank of America Corp. economist Raffaella Tenconi said.
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Poland’s central bank will increase its benchmark interest rate in quarter-point steps in March and May as economic growth and a weak zloty keep inflation above the 2.5 percent target, Bank of America Merrill Lynch said.
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Romania’s central bank will probably leave its benchmark interest rate unchanged at a record low for a seventh meeting as Europe’s highest borrowing costs boost the leu and helps tame inflation.
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President Giorgio Napolitano, a former communist resistance fighter who negotiated Silvio Berlusconi’s resignation, is preparing his final political battle as he seeks to steer Italy out of its latest government crisis before his term expires in May.