05 December 2012

POLAND: CBank Cuts Benchmark...Again; Now 4.25%.

http://www.bloomberg.com/news/2012-12-05/trichet-deja-vu-haunts-poland-as-rates-set-to-fall-again.html

      It was widely expected...and informally announced last week...that Poland's central bank would drop its bench mark interest rate...by 25 bps...to 4.25%.
     It was the cbank's second consecutive rate drop.
     In October...it lowered the benchmark for only the first time since 2009.