Wednesday, April 25, 2007

Polish Zloty Gains as Central Bank Raises Interest Rates to 4.25 Percent

(Bloomberg) -- Poland's zloty gained after the central bank raised interest rates for the first time in almost three years.

The zloty rose as Warsaw-based policy makers raised borrowing costs a quarter-point from a record-low of 4 percent, meeting the expectations of 15 out of 18 economists surveyed by Bloomberg News.


Read more at Bloomberg Currencies News

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