Poland: No Danger of Deflation

People ♦ Published: April 7, 2014; 10:00 ♦ (Vindobona)

According to Marek Belka, governor of the National Bank of Poland (NBP), there is not threat of deflation.

Polands economy is "rebounding". / Picture: © NBP National Bank of Poland

In the light of the current net inflation analysis and Poland’s economic recovery, whith GDP expected to exceed a growth rate of 3 percent in the first quarter this year, there is no danger of deflation, according to the governor of the Polish National Bank, Marek Belka. "I don't think that Poland could face deflation because the so-called net inflation excluding food and fuel prices…