(Bloomberg) -- The Polish zloty had its longest run of weekly gains against the euro in almost six years on speculation the central bank will raise interest rates for a second time in three years.
The currency has risen more than 2 percent this week after the National Bank of Poland raised borrowing costs to curb inflation stoked by faster economic expansion. Central banker Dariusz Filar yesterday said the economy probably grew 7 percent in the first quarter, the quickest pace for more than a decade, prompting traders to increase bets on higher rates.
Read more at Bloomberg Currencies News
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