Inflation Cure Has Poland Humming and Central Bank Wanting MoreBy
Zloty gains help keep inflation at bay by reducing import cost
Annual price growth stayed at 2% for third month, survey shows
One of this year’s standout currencies in emerging markets is keeping Poland’s economy up and its inflation down. Not surprisingly, the central bank wants more of the same.
The zloty is off to the second-biggest surge against the euro among developing nations in 2017, making the central bank’s job easier by driving down the cost of imports. The appreciation has helped stop inflation in its tracks after a rebound that started late last year. May data due on Wednesday will show the annual price index remained unchanged at 2 percent for a third month, according to the median of 26 estimates in a Bloomberg survey…
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