The Polish zloty declined today after the nation’s central bank kept interest rates unchanged at the record low level for the fifth consecutive meeting.
The National Bank of Poland left interest rates unchanged at today’s meeting, including the reference rate, which stayed at 2.5 percent. Such decision was widely expected by analysts. There were speculations that cuts of borrowing costs in other countries may force Polish policy makers to do the same in the future.
USD/PLN rose from 3.0934 to 3.0989 as of 14:46 GMT today.
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