09 January 2013

POLAND : CBank Cuts Benchmark For 3rd Time...To 4%.

http://www.bloomberg.com/news/2013-01-09/poland-cuts-main-rate-for-third-meeting-to-spur-flagging-economy.html

      Anticipating slower 2013 growth in the EU and with inflation...the central bank...for the 3rd consecutive meeting... lowered its benchmark rate...by 25 bps...to 4%.
      The EU region buys more than half of all Polish exports.
      After months of reluctance...since November...the Cbank has lowered its benchmark by 75 bps.