The Polish zloty traded near the opening level today after the initial decline as the inflation climbed to the highest level in 11 months, according to the government’s estimates.
Poland’s Finance Ministry estimated that the annual inflation jumped to 3.1 percent in December, compared to 2.7 percent in November. The consumer prices rose 0.3 percent from November to December, according the estimate of the ministry.
USD/PLN traded near its opening level of 2.9628 as of 13:00 GMT after it rose previously to the intraday high of 2.9846.
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