07 November 2012

POLAND : CBank Cuts Benchmark By 25 Bps; 1st Slice Since 2009.


      Warsaw's central bank sliced 25 bps off its benchmark...to 4.5%...with its 1st rate cut since 2009.
     The reduction was widely expected by most economists...as EU economies show little growth or enter into recession.
     Polish PM Tusk is still predicting 2.5% growth for 2012...while the euro area will contract by 0.4.