Poland Cuts it’s Interest Rates

In a sign that the Polish economy is facing difficult economic times, the Polish government have cut interest rates by a quarter point to 5.75%.

Poland has also changed it’s predictions for economic growth in 2009.  It’s predicted to be lower than the 4.8% originally predicted and is now predicted to be 3%.  Other central eastern European countries have lowered their interest rates so that increased pressure on Poland to follow.