Poland's central bank cuts rates

POLAND - Poland's central bank on Wednesday reduced its key interest rates by a half percentage point, making its sixth cut this year against the backdrop of a sluggish economy and falling inflation.

Following a monthly meeting of its policy council, Associated Press reports, the National Bank of Poland said it decided to cut its benchmark 28-day intervention rate to 7.5 percent from 8 percent, effective Thursday. The rate defines what the central bank believes should be the upper limit of in