Poland Opens Path to Currency War in EU’s East, Rabobank Says
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A warning by Poland’s central bank could be the spark that sets off a currency war among the European Union’s eastern members.
The statement that an overvalued zloty could imperil Poland’s economic recovery took the market by surprise earlier in the week and could prompt similar interventions in the region as policy makers seek to boost their export appeal, according to Rabobank’s London-based strategist Piotr Matys.