Poland intervenes again on currency markets

Poland's state-controlled Bank Gospodarstwa Krajowego (BGK) sold a large amount of dollars on Thursday, a move which immediately resulted in an appreciation of the złoty, reported Rzeczpospolita.

This followed last Friday's joint intervention on forex markets by BGK and the National Bank of Poland.

According to Rzeczpospolita, the latest move suggests Poland’s authorities are constantly monitoring the situation on the currency market to protect the złoty against speculators.

Poland A.M.