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Polish Zloty Backs Off as Central Bank Stays Passive

February 8, 2017 at 13:05 by Vladimir Vyun

Some 100-zloty notesThe Polish zloty backed off from the recent highs today after the nation’s central bank decided to keep the record low interest rates unchanged.

The National Bank of Poland left its interest rates the same at today’s policy meeting, including the reference rate that stayed at 1.5%. Such decision was widely anticipated by experts. Poland was demonstrating good economic performance lately, and that drove the zloty to multi-month highs recently, but it looks like the central bank wants to wait a bit more before adjusting its monetary policy.

USD/PLN rose by 0.41% to 4.0482 as of 12:54 GMT today.

If you have any questions, comments, or opinions regarding the Polish Zloty, feel free to post them using the commentary form below.

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