financial markets

Poland under pressure from financial markets says PM

Poland's bond yields crossed the 9-percent mark on Friday, a level last seen more than 20 years ago, prompting the state-run development bank BGK to forgo a planned bond auction as it expected to sell its bonds at lower rates. Jacek Turczyk/PAP

Poland's record-high bond yields are a result of pressure from financial markets, Mateusz Morawiecki, the Polish prime minister, has said.

State bank props up Polish zloty on FX market say sources

Poland's special-purpose development bank BGK has been actively trading on the FX market, increasing its activity in recent days to limit the weakening of the Polish currency, financial market insiders have told PAP.

Central bank ready to react to excessive zloty fluctuations

Poland’s central bank, the National Bank of Poland (NBP), has said it is ready to intervene to counteract excessing fluctuations in the value of the Polish zloty.

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