Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Zloty Advances Most in Three Weeks, Bond Yields Fall to Record

The zloty appreciated the most in three weeks ahead of the European Central Bank decision on interest rates this week and as investors cheered a new government in Italy.

The currency advanced 0.6 percent to 4.1324 per euro at 3:01 p.m. in Warsaw, the biggest gain since April 8. The yield on two-year securities fell six basis points, or 0.06 percentage point, to a record 2.65 percent, according to data compiled by Bloomberg.

Italy’s government bonds rose, pushing 10-year yields toward the lowest level since October 2010, as the swearing-in of a new prime minister yesterday ended nine weeks of political deadlock. The European Central Bank will reduce its main refinancing rate by a quarter of a percentage point from the current all-time low of 0.75 percent, according to the median forecast from a Bloomberg survey of economists. The U.S. Federal Reserve will start a two-day policy meeting tomorrow.

“The zloty gains as there’s a general risk-on mode on the markets,” Marcin Turkiewicz, a foreign-currency trader at BRE Bank SA in Warsaw, said by e-mail today. “Investors expect a dovish comments from the Fed and that the European Central Bank will cut rates which will increase the interest-rate disparity,” with Poland and make zloty assets more attractive, he said.

Poland’s main interest rate is at a record low of 3.25 percent since March, driving down the spread over the ECB’s key rate to 250 basis points, the lowest since January 2011.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.