Poland cuts interest rates for fourth time as economy slows further

Written by on February 7, 2013 in Europe, News - No comments

Poland’s Monetary Policy Council offered its fourth consecutive 25 bps cut to official interest rates, as macro data for December proved worse than already-depressed forecasts and domestic consumption declined more than at any time in the past 10 years.

Industrial output fell by 10.6 per cent year-on-year and retail sales defied forecasts for growth, falling 2.5 per cent year-on-year.

For the full story, please visit The Warsaw Voice
(Photo: Marcin Rolicki/sxc.hu)

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