WARSAW May 17 Poland's central bank may not need to raise interest rates from their current all-time lows even by the end of 2018, the bank's Governor Adam Glapinski said on Wednesday.
"In my opinion even by the end of 2018 there may not be a need for an interest rate hike if inflation will at a level at which it is forecast," he told a news conference.
Glapinski also said the central bank currently expects inflation to remain at about 2 percent - below the bank's 2.5 percent inflation target - for a "longer" period of time. (Reporting by Pawel Sobczak and Bartosz Chmielewski; Writing by Marcin Goettig; Editing by Lidia Kelly)
BRIEF-VGP NV raises 75 million euros with bond issue after the first day
* RAISES € 75 MILLION WITH BOND ISSUE AFTER THE FIRST DAY Source text for Eikon: Further company coverage: (Gdynia Newsroom)
UPDATE 2-U.S. Supreme Court limits rights of property owners
WASHINGTON, June 23 The U.S. Supreme Court on Friday narrowed the rights of property owners in disputes with governments and laid out a formula for determining when landowners are owed compensation in a case involving a vacant lot in Wisconsin on the picturesque St. Croix River.