Polish Zloty Rises on Expectations Central Bank Will Raise Interest Rates

(Bloomberg) -- Poland's zloty advanced on expectations the central bank will raise interest rates today for the first time in three years.

The zloty is the third-best performer against the euro this month as policy makers prepare to raise borrowing costs a quarter point from a record-low of 4 percent, according to 15 of 18 economists surveyed by Bloomberg News. The meeting at around noon in Warsaw comes a day after the Slovak central bank cut its benchmark for a second month and before an expected cut in Hungarian rates.


Read more at Bloomberg Currencies News