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Polish Zloty leads emerging-market currencies

Posted on 22 February 2013

The Polish zloty was a top performer among emerging-market currencies Wednesday, spurred by expectations that recent positive data might lead to a central bank less keen on cutting interest rates.
The zloty continued to be buoyed by recent economic data that beat expectations. On Tuesday, data showed Polish industrial production rose 0.3% in January, when markets had expected a decline of 3.5%. That, along with lower-than-expected inflation figures late last week, means the central bank might have to ease monetary policy less aggressively than markets had projected, analysts say…………………………………….Full Article: Source


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