Against its US counterpart, the Polish zloty traded lower further after the announcement of Polish central bank's interest rate decision in New York trading on Wednesday. Polish central bank decided to maintain the benchmark policy rate at 3.5% at the end of its two-day rate-setting session today.

The central bank retained the rate for a sixteenth consecutive meeting and the decision was in line with economists' expectations. The monetary council simultaneously announced its decision to increase the reserve ratio by 0.50 points to 3.50%.

The zloty, which closed Tuesday's New York session at 2.8130 versus the greenback, dropped to a 1-week low of 2.8880 by about 1:45 pm ET. Presently, the pair is trading near 2.8795.

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