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Polish central banker: new rate council will have to secure proper policy mix

PR dla Zagranicy
Roberto Galea 05.11.2015 10:15
Poland's new rate council lineup will have to secure a proper policy mix, as it seems likely that the new government will conduct a looser fiscal policy, NBP head Marek Belka said.
Central banker Marek Belka. Photo: Polskie RadioCentral banker Marek Belka. Photo: Polskie Radio

"We may generally expect that the budget will be amended, modified, it might happen that the fiscal policy will be loosened, in that situation, it will be a task for the new council lineup to secure proper policy mix,” Belka said.

Poland's 2016 budget bill, formulated by the outgoing government, leaves no room for fiscal easing, the chair on the rate-setting Monetary Policy Council (RPP) said at the conference after the RPP November sitting on Wednesday.

“Generally, this budget for 2016 leaves no room for fiscal easing,” Belka said.

On Wednesday, the RPP decided to keep interest rates at a record low 1.5 percent. (rg/rk)

The article was provided by Central European Financial Observer:

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tags: Belka Marek, RPP
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