UPDATE 1-CEE MARKETS-Polish zloty changes course after surprise rate cut
May 28, 2020 at 10:38 AM EDT
The Polish zloty changed course on Thursday, trading down before paring its losses after the Polish central bank surprised markets with a third rate cut since the start of the coronavirus pandemic, sending bank stocks and bond yields tumbling. The central bank cut its key interest rate by 40 basis points to 0.1%, meaning it has cut the cost of borrowing by 140 basis points since the virus reached Poland in Ma
