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To: Richnorth who wrote (86640)	6/8/2002 11:02:19 AM
From: long-gone	Respond to of 116912

Polish central bank cuts key interest rates by half percentage point Wed May 29, 6:05 AM ET WARSAW, Poland - Poland's central bank, which has faced persistent government pressure to slash interest rates to boost the sagging economy, said Wednesday it was reducing key rates by half a percentage point. The decision means the National Bank of Poland has cut interest rates by a total of 6 percentage points since Prime Minister Leszek Miller took office last October, but the government said the bank could make "much more radical" cuts. The bank trimmed its benchmark 28-day intervention rate to 9 percent from 9.5 percent. The discount rate was cut to 10.5 percent from 11 percent and the so-called Lombard rate to 12 percent from 12.5 percent. Miller's leftist government wants deep cuts to stimulate exports and ease unemployment(cont) story.news.yahoo.com