Belka: More room for rate cuts
PR dla Zagranicy
There is still room for rate cuts in order to meet the inflation target set by the Monetary Policy Council, Poland’s Central Banker Marek Belka has said.
Marek Belka: photo - wikipedia/CC
In an interview with the Wall Street Journal online, Belka said that “I have always said the Monetary Policy Council should carry out policies aimed at fulfilling the inflation target”.
“There is still room to cut interest rates.”
The country’s reference rate currently stands at a record low 2.0 percent following a cut in October. Another 25 bp cut was expected at the Council’s November 5 meeting, but rates were kept unchanged. (rg/jb)