Weak Zloty Good
World Economy

Weak Zloty Good

Poland’s zloty may weaken further against the euro and the dollar, and a weak zloty is good for exports and the economy, the newly-appointed member of the central bank’s rate-setting panel Jerzy Kropiwnicki said, Reuters reported. “It is not a big worry for me that zloty will not be strengthening, because such a situation is beneficial for our exports,” he said. The zloty has lost 5.5% against the euro since May, partly due to uncertainty over Poland’s economic policy. The central bank kept interest rates at an all-time low of 1.50% last month and said it expected deflation, which has persisted for nearly two years, would continue in the coming months.


Short URL : http://goo.gl/eTPOQO
  1. http://goo.gl/2xIkEp
  • http://goo.gl/H4HLPH
  • http://goo.gl/sGtVGJ
  • http://goo.gl/yomE3p
  • http://goo.gl/a6b4xQ

You can also read ...

More and more Thai merchants are integrating WeChat Pay and Alipay’s systems to cater to tourists.
The internet has changed the way most people live. Through...
Cambodia’s economic outlook remains positive, but is subject to downside risks.
The IMF Managing Director Christine Lagarde expressed optimism...
More India Bank Frauds Revealed
Over 25,800 fraud cases involving about Rs179 crore ($1.79...
Qatar Calls to Investigate UAE Bank’s Bogus Deals
Qatar has asked US regulators to investigate the US subsidiary...
Free trade achieves more good for the planet.
US President Donald Trump’s steel tariffs have brought the...
Morocco Currency Reform on Right Track
Few weeks after the launch of the gradual dirham float, the...
EU Readies Tax on US Technological Titans
The European Union will next week unveil plans for a digital...
Apparel imports from ASEAN are growing, spurred by low labor costs  in such countries as Vietnam.
Import prices for apparel and daily goods in Japan plunged...