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Polish zloty gains after unexpected MPC decision on rates

The value of the Polish zloty rose to PLN 4.43 to the euro on Wednesday afternoon following the unexpected decision by Poland’s Monetary Policy Council (MPC) to leave interest rates unchanged.

On Wednesday, Poland’s Monetary Policy Council (MPC) left the reference interest rate unchanged at 5.75 percent, while the majority of analysts expected a 25-bps cut.

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