Monday, May 21st, 2012
Złoty strengthens
The recent strengthening of the złoty on the back of improved market sentiment is likely to “alleviate” concern about inflation this year, Marek Belka, the head of the National Bank of Poland, told Bloomberg during the World Economic Forum in Davos, Switzerland. Mr Belka also commented on the current strength of the złoty, which rose to zł.4.23 against the euro since falling to zł.4.56 in December. “The exchange rate of late 2011 was artificially weak, now it is coming back to where it belongs,” Mr Belka said.
From Warsaw Business Journal
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