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Summary Poland's central bank cut its key interest rate to 4.5 percent on Wednesday.
It took the step amid signs that its economy was slowing down.The decision, to lower the reference rate from 4.75 percent to 4.5 percent, was the National Bank of Polands first cut in three years and was made despite the risk of inflation, hovering at around 4 percent and above the banks target of 2.5 percent.GDP grew by 4.3 percent last year but is expected to slow down to just above 2 percent this year.
