The 50-basis-point cut to 5.25% was in line with market expectations.

The 50-basis-point cut to 5.25% was in line with market expectations.
The ruling coalition has criticised the decision and argued it emphasises the importance of electing a more government-friendly president.
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The CEO of the firm has been charged and could face up to ten years in jail.
However, two other ministries, the central bank and trade unions are concerned the scheme could further push up prices.
Kraków is Poland’s most popular tourist destination, which is a boon to the local economy but causes tension with residents.
The terminal will facilitate the installation and servicing of wind turbines in the Baltic Sea.
Olga Malinkiewicz and her team were hailed for “advancing solar energy technology with their cost-effective and environmentally friendly” perovskite cells.
It is the second successive quarter that Poland has recorded the highest annual increase in housing prices in the EU.
The law will allow tech firms to “use our content free of charge and with impunity, and transfer the profits abroad”, say over 350 media outlets.
Orlen plans to launch 100 hydrogen stations in Poland and neighbouring countries by 2030 as part of efforts to focus on greener energy.
“Poland will become one big megalopolis,” said the prime minister.
Michelin also awarded a Polish restaurant with a green star for the first time, recognising a commitment to sustainable gastronomy.
One provider says it has lost 15% of its drivers and another reports that it now has 26% fewer drivers in Warsaw.
The proposed change could “increase the scale of the problem of foreigners illegally staying in Poland”.