Zloty Gains After Polish Official Signals Government Has Tools to Prop Up Currency - Bloomberg

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Poland's government moved to contain a selloff in the zloty a week after the central bank blindsided markets with an unexpectedly sharp interest-rate cut, as a senior official pledged to intervene to prop up the currency. The zloty surged.

Pawel Borys, an aide to Prime Minister Mateusz Morawiecki, said the administration has the tools to strengthen the zloty to an "optimal level." In an interview, he also admonished the central bank, which delivered a rate cut three times bigger than forecast on Sept. 6, to weigh the impact on the zloty in future decisions.

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