Bloomberg News

Zloty Extends Gain as Global Central Banks Cut Dollar Swap Rates

December 01, 2011

Nov. 30 (Bloomberg) -- The Polish zloty and stocks extended gains after the Federal Reserve and five other central banks lowered interest rates on dollar liquidity swap lines by 50 basis points.

The zloty jumped 0.8 percent to 4.4983 per euro as of 2:09 p.m. in Warsaw. The benchmark WIG20 Index gained 3.2 percent to 2,252.03 as PKO Bank Polski SA, the country’s largest lender, surged 3 percent.

--Editors: Linda Shen, Peter Branton

To contact the reporter on this story: Piotr Skolimowski in Warsaw at pskolimowski@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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