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Zloty stays close to 4-month high on stable interest rate outlook WARSAW: Central European currencies were mostly stable on Wednesday, with the zloty staying close to a four-month high versus the euro, reached on rising expectations there will be no more monetary easing in Poland.By 1018 the zloty traded at 4.16 to the euro."The zloty has remained resilient to a global deterioration in sentiment," BZ WBK bank said, adding that it expected the zloty to remain stable during the session.Poland kept its benchmark interest rates flat at 2 percent at a policy meeting last week, sticking to its stance that it will only resume rate cuts if there is a weakening of economic growth, even though consumer prices are falling.Economic growth has been improving and most analysts polled by Reuters expect no more monetary easing in Poland over the coming quarters.Analysts are awaiting Polish inflation data for November, due on Monday. Analysts polled by Reuters expect consumer prices to have fallen ...

Dollar drops vs yen as risk appetite falters LONDON: The dollar plunged across the board on Tuesday, on track for its largest one-day loss against the yen since June 2013, as investors sought the Japanese currency's safety amid uncertainty in Greece and the weak trend in oil.Investors tend to buy the yen in times of geopolitical or economic stress, but the overall outlook for the Japanese currency stayed downbeat as the economy is still in the midst of massive quantitative easing. Sliding global ...
Sterling suffers after UK factory output slide LONDON: Sterling sank more than half a percent against the euro on Tuesday after a batch of weaker data on industry and manufacturing added to a worsening outlook that is set to delay any rise in interest rates next year.Output for industry overall fell 0.1 percent after a strong September, the Office for National Statistics said on Tuesday. Manufacturing output dropped 0.7 percent, hit by a sharp fall in computer, electronic and optical products.That reinforced ...
Yen benefits as investor risk appetite wanes LONDON: The yen rose strongly on Tuesday as a further drop in oil prices hit risk appetite and as cautious comments from U.S. Federal Reserve policymakers prompted a pullback in the dollar's recent rally.Commodity currencies extended recent losses, with the Australian dollar setting a four-year low of $0.8223 and the Canadian dollar hitting a five-year trough of C$1.1501 versus its U.S. counterpart as Brent sank below $66 per barrel.Dennis Lockhart, head of the Atlanta Federal ...
Turkish lira firms, focus on central bank policy outlook ISTANBUL: The Turkish lira rebounded on Tuesday from its previous day's lows after the central bank doubled the amount of foreign exchange it sells at auction, while investors looked to Wednesday's presentation on 2015 monetary policy for further direction.The lira stood at 2.2616 against the dollar at 0927 GMT, firming from 2.2677 late on Monday. It had hit a low of 2.2809 earlier on Monday, its weakest since Oct. 16.The lira recovery began after the ...
Sterling hit as UK factory output slides unexpectedly LONDON: Sterling fell against the dollar and the euro on Tuesday after data showed British industrial output contracted unexpectedly in October and manufacturing output tumbled by the most since May.Output for industry overall fell 0.1 percent after a strong September, the Office for National Statistics said on Tuesday. Manufacturing output dropped 0.7 percent, hit by a sharp fall in computer, electronic and optical products.That reinforced expectations that interest rates in Britain are likely to stay ...
Russian assets extend declines as oil slide continues MOSCOW: The rouble and Russian share indexes declined further on Tuesday as global oil prices fell to new five-year lows, with mounting expectations the Russian central bank will raise interest rates on Thursday. At 0800 GMT, the rouble was 0.9 percent weaker against the dollar at 54.25 roubles per dollar and lost 1.1 percent to 67.00 versus the euro. Global oil benchmark Brent was down 0.7 percent to $65.75, extending Monday's steep decline. The Russian ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln