"With Poland’s economy slowing rapidly the central bank on Wednesday cut interest rates by a quarter point to a record low of 2.75 per cent in line with market expectations.
It was the latest in a series of reductions that has seen the bank’s benchmark rate come down from 4.75 per cent towards the end of last year.
Poland’s economy has experienced strong growth over the past two decades but it has slowed dramatically in recent quarters. It posted year-on-year growth of just 0.5 per cent in January-March. In quarterly terms the economy grew by just 0.1 per cent."
'via Blog this'
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