UPDATE 1-Polish officials say zloty weakness unjustified

WARSAW, Oct 10 (Reuters) - Poland's central bank and the finance ministry see the zloty currency's weakness as unjustified, they said on Friday, blaming the move on market concerns about Hungary. The zloty weakened as investors fretted that central and east European banks could soon be caught up in the financial crisis battering western lenders, but regained ground as officials talked up the currency. Hungary's forint fell sharply late on Thursday on market concerns about the country's largest lender OTP Bank. OTP and Hungary's finance ministry said on Friday the bank was strong and had refused a government guarantee of its interbank loans [ID:nLA713381]. At 0945 GMT the zloty had slipped to trade around 3.5885 to the euro after closing at 3.482, while Hungary's forint... [read full story]                    

Add Comment
There are also 2 related articles
View all news articles about*:
*Newstin tag cloud displays all featured persons, associated organizations, related topics, regions and companies