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Poland: Calls for Interest Cut Become Louder
Politics ♦
Published: October 25, 2012; 19:28 ♦ (Vindobona)
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The Polish economic growth flattens. NBP´s council member Andrzej Rzonca wants the interest rate to be cut.
Poland: Calls for Interest Cut Become Louder / Picture: © Vindobona.org
At the beginning of October the council of NBP announced that the Polish interest rate will be kept at 4.75%. Although the government wants to boost the economy by easing the monetary policy, NBP refrained from cutting the interest rate. Now, the pressure on NBP becomes bigger. According to the Monetary Policy Council member Rzonca, the forecasted economic slowdown would be a reason to…
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