Poland moves to halt zloty decline

national-bank-of-poland

The National Bank of Poland on Monday intervened in foreign exchange markets to curb the slide in the zloty against a basket of currencies.

The Polish central bank announced it had sold an unspecified amount of foreign currency for zloty in foreign exchange markets, the third such intervention in 10 days.

The zloty gained 1.3% against the euro and 1.1% against the Swiss franc following the decision, and traded at 3.5954 zloty ($1.0823) to the Swiss currency on Tuesday.

"It is clear the

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