Zloty Erases Drop Versus Euro, Gains as China Cuts Reserve Ratio

The Polish zloty advanced from its weakest level in 29 months after China cut the amount of cash banks must set aside as reserves for the first time since 2008.

The zloty jumped 0.3 percent to 4.5199 per euro as of 12:47 p.m. in Warsaw. The currency weakened to the lowest since June 2009 earlier today.

To contact the reporter on this story: Piotr Skolimowski in Warsaw at pskolimowski@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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