06 March 2013

POLAND: CBank Cuts Benchmark More Than Predicted..To 3.25%.


     Poland's central bank slashed its benchmark rate by 50 bps...to a record low 3.25%.
     No economists predicted such a large reduction.
     In 2013...Warsaw expects only 1.2% growth...the weakest delivery since 2001.
http://www.bloomberg.com/news/2013-03-06/poland-cuts-rates-as-worst-gdp-slowdown-in-12-years-looms.html