EUR/PLN rose to levels last seen in early May around the 4.5700 zone in response to the unexpected interest rate cut by the National Bank of Poland (N
The NBP reduced the policy rate by 75 bps to 6.00%.
The sudden move by the Polish central bank was the first rate cut since it raised rates to 6.75% exactly a year ago. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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