Poland raises rates for a second month

Poland's central bank raised interest rates for the second month running after the inflation rate rose close to a three-year high.

The benchmark 14-day intervention rate, used to adjust the amount of money on the market, was raised by a quarter of a percentage point to 6 percent from 5.75 percent. The council also raised the Lombard rate and the discount rate by 25 basis points each.

Inflation has been accelerating since April last year as export demand boosted economic growth in the largest of