Thursday’s decision of the European Central Bank, as well as comments made by its president Mario Draghi, did not affect the Polish currency yesterday. The ECB left its benchmark interest rate at a historic low of 0.75 percent, following a meeting held in Slovenia.
And during a press conference where the decision was announced, Mr Draghi said the bank is ready to start buying government bonds (a plan unveiled last month) as soon as the necessary conditions are fulfilled.
Investors in the foreign currency market, much like their counterparts in the stock market, are waiting for news from the euro zone, which will report on economic growth on Friday morning, as well as from the US labor market, which experts feel should register some improvement.
On Thursday afternoon, the exchange rate of the Polish currency to the US dollar was set at zł.3.14, 0.6 percent less than the day before, while the rate of the euro remained at the same level – zł.4.08.
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