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Poland unlikely to cut rates

From the Newspaper Published February 8, 2012
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WARSAW, Feb 8: Poland’s central bank is unlikely to cut interest rates as inflation remains stubbornly high even though the zloty appreciated recently, the bank’s head Marek Belka said on Wednesday. “The zloty strengthening is surely a favourable factor (in terms of inflation), but we cannot base our policy on this,” Belka told a news conference.—Reuters

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