Another inflation warning from Eastern Europe...as Poland's central bank...unexpectedly...raised its 7-day interest rate...to 4.25%...for the 3rd time in 2011.
For the sixth month... inflation there reached a 2 1/2 year high...hitting 4.3 % in March...well above the c.bank’s 2.5 % target. .
The zloty popped to its highest level in more than three months...3.9009 vs the euro.