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Polish central bank raises interest rates by half percentage point


AP Worldstream
06-30-2004
Dateline: WARSAW, Poland
Poland's central bank raised its interest rates by a half percentage point Wednesday, adjusting rates for the first time in a year following a sharp rise in inflation.

The National Bank of Poland had kept rates steady since last June, halting a two-year string of cuts. Most economists had predicted a more modest quarter-point rise Wednesday after inflation spiked from 1.7 percent in March to 3.4 percent ...

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