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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (5582)	3/28/2008 4:38:01 AM
From: RockyBalboa	Respond to of 71407

Interest rates hike. This is what really drives the currency. Polish central bank's Noga favours one more rate hike in April Fri, Mar 28 2008, 08:10 GMT afxnews.com WARSAW (Thomson Financial) - Poland's central bank should raise interest rates by another quarter-point in April and then sit back at least until June to watch how the economy develops, policymaker Marian Noga said today. "I would favour making another rise in rates, for example in April, then we can adopt the 'wait-and-see' approach," Noga, seen by analysts as a hawk in the 10-strong council, told TVN CNBC. "A rise in April is the most appropriate path in my opinion, then we should wait at least until the next inflation projection ... in the last days in June." The bank raised rates for a third month running on Wednesday, bringing borrowing costs in the EU's largest former communist economy to 5.75 pct, up a total of 175 basis points since last April.