The złoty and Polish indices, as well as the euro, fell on Wednesday after America's Federal Reserve reminded the world that the global economy is far from returning to rapid growth.

Investors were most disappointed by the Fed's decision not to print dollars, with which it could have bought back American treasury bonds. China is also affecting local markets, with industrial production and retail sales continuing to grow at rates slower than predicted.

As a result, the euro fell to $1.289. The złoty fell further, and closed at zł.3.9972 to the common currency. The WIG20 fell by 1.38 percent to 2,455.41 points. According to Tomasz Jerzyk of brokerage DM BZ WBK, a fall below the May high of 2,433 points would signal bad news, while growth beyond 2,524 would indicate that further growth is to come.

Poland AM