Polish national bank slashes interest rates as inflation slows
Fox News
Poland's national bank on Wednesday lowered its key interest rate, citing a continued inflation rate decline. While still high, it has dropped from the 18% rate seen earlier this year.
It was the second rate cut since Sept. 9, when the central bank surprisingly slashed rates by three-quarters of a point.
Other central banks worldwide are increasing borrowing costs or holding rates at high levels to tackle inflation stemming from the global economy's rebound from the COVID-19 pandemic and Russia's invasion of Ukraine, which spiked food and energy costs.
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