Poland sets new inflation target

The Polish central bank has reduced interest rates and at the same time set a new inflation target. The move is aimed at guaranteeing Poland joins the euro zone at the earliest possible date of 2007.

Source: Associated Press

Poland's central bank on Wednesday lopped a half point off basic interest rates in a bid to nudge the economy into a badly needed recovery ahead of joining the European Union next year.

And the National Bank of Poland's Monetary Policy Council set a new inflation goal of 2.5