(Bloomberg) -- The Polish zloty rose against the
euro after a government report showed retail sales grew faster
than forecast last month, stoking speculation the central bank
will continue to raise interest rates this year.
Retail sales growth quickened to 3.1 percent from May and
16.2 percent from the same period last year, the fastest pace in
three months, the Warsaw-based central statistical office said
today. The figures exceeded the median estimate of economists
surveyed by Bloomberg News, who predicted sales would rise 1.5
percent on the month and 14.5 percent on an annual basis.
Read more at Bloomberg Currencies News
euro after a government report showed retail sales grew faster
than forecast last month, stoking speculation the central bank
will continue to raise interest rates this year.
Retail sales growth quickened to 3.1 percent from May and
16.2 percent from the same period last year, the fastest pace in
three months, the Warsaw-based central statistical office said
today. The figures exceeded the median estimate of economists
surveyed by Bloomberg News, who predicted sales would rise 1.5
percent on the month and 14.5 percent on an annual basis.
Read more at Bloomberg Currencies News
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