back to top

    Polish Zloty Surges as Monetary Policy Council Defies Expectations and Keeps Rates Steady

    In a surprising move, Poland’s Monetary Policy Council (MPC) decided to keep interest rates steady, causing a sudden surge in the value of the Polish zloty. On Wednesday afternoon, the zloty strengthened to PLN 4.43 against the euro, defying the expectations of many analysts who had anticipated a 25-basis-point cut.

    The MPC’s decision to maintain the reference interest rate at 5.75 percent came as a shock to the financial market, where speculations had been rife about a potential rate reduction. This unexpected development led to a swift and notable uptick in the Polish zloty’s value, highlighting the market’s sensitivity to the MPC’s decisions and the economic landscape.

    Source:

    ABW Arrests Polish and Belarusian Nationals in Espionage Investigation

    The Polish Internal Security Agency (ABW) has detained three individuals—a Polish national and two Belarusian nationals—under the directive of the prosecutor's office. The arrests...