Economics
Poland Cuts Interest Rates to Record Amid Lack of Recovery
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Poland’s central bank cut its benchmark interest rate to a record low as the European Union’s largest eastern economy struggles with slowing growth.
The Narodowy Bank Polski lowered the seven-day reference rate by a quarter-point to 3 percent today, matching the estimate of 11 of 38 economists surveyed by Bloomberg. Two predicted a half-point cut and 25 forecast no change in borrowing costs.