Polish central bank cuts interest rates

Poland's central bank decided Wednesday to lower key interest rates, its eighth cut this year in response to record low inflation and the country's sluggish economy. Last month the central bank cut rates and said at the time that the rate cutting cycle may be at an end.

Following a monthly meeting of its policy board, the National Bank of Poland said its benchmark 28-day intervention rate would fall to 6.75 percent from 7 percent, effective Thursday. The rate defines what the bank believes sho