06 February 2013

POLAND : CBank Cuts Benchmark For 4th Time...To 3.75%.

     Poland's central bank cut its benchmark interest rate...by 25 bps...to 3.75%.
     It was the 4th monthly rate cut...and language indicated...it might not be the last.
     Consumer demand there has weakened recently...and the cbank predicts only 1.5% growth in 2013...while the jobless rate rose to 13.4%.
http://www.bloomberg.com/news/2013-02-06/poland-cuts-main-rate-for-fourth-month-as-economy-slows.html