Poland raises interest rate by half percent

The Polish central bank raised its main interest rate to 6.5 percent on August 24, the third rise in as many months. The central bank took the measures to address inflation, which has been rising following Poland's entry into the EU.

The half-point interest rate rise was greater than the quarter-point expected by most analysts, according to a survey by Bloomberg. Poland's entry to the EU has led to rising investment and export demand, contributing to higher than expected GDP growth of 6.9 perc