(Bloomberg) -- The Polish zloty is poised to advance
against the euro this month after the country's central bank
unexpectedly raised interest rates by a quarter percentage point.
Poland's currency also gained for a third week after Warsaw-
based rate-setters lifted borrowing costs to 4.5 percent on June
27 on concern wages increases spurred by quickening economic
growth could fuel inflation. Analysts surveyed by Bloomberg
expected the bank to keep rates on hold after a 25-basis-point
cut in April, the first in almost three years.
Read more at Bloomberg Currencies News
against the euro this month after the country's central bank
unexpectedly raised interest rates by a quarter percentage point.
Poland's currency also gained for a third week after Warsaw-
based rate-setters lifted borrowing costs to 4.5 percent on June
27 on concern wages increases spurred by quickening economic
growth could fuel inflation. Analysts surveyed by Bloomberg
expected the bank to keep rates on hold after a 25-basis-point
cut in April, the first in almost three years.
Read more at Bloomberg Currencies News
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