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Poland Moves to Resolve $30 Billion Swiss-Loan Threat to Banks


Poland Moves to Resolve $30 Billion Swiss-Loan Threat to Banks
Adrian Krajewski and Konrad Krasuski, Bloomberg News
A visitor exits the headquarters of Poland s central bank, also known as Narodowy Bank Polski, in Warsaw, Poland, on Wednesday, Nov. 9, 2016. After holding the benchmark at a record low for a 17 month, the central bank said it won’t start tightening policy until late next year if inflation and economic growth pick up as predicted. Photographer: Piotr Malecki/Bloomberg
, Bloomberg
(Bloomberg) Poland’s central bank moved to resolve the biggest threat to the country’s financial industry, offering commercial lenders help in converting $30 billion of Swiss-franc loans into zloty. ....

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