Monday, May 7, 2007

Poland's Zloty Trades Close to Five-Year High Against Euro on Rate Outlook

(Bloomberg) -- The zloty traded near its highest in five years on speculation the rate of Poland's economic expansion will persuade the central bank to keep lifting interest rates.

Poland's currency climbed for a record seventh week in the five days through May 4 after the Economy Ministry last month said the economy grew at the fastest rate in two years in first quarter, and the central bank lifted interest rates to 4.25 percent.


Read more at Bloomberg Emerging Markets News

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