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Poland: Rostowski Wants to Cut the Interest Rates

Published: February 21, 2013; 14:21 · (Vindobona)

According to Poland´s Minister of Finance Jacek Rostowski, the real interest rates are still too high. Rostowski wants to boost economic growth.

The National Bank of Poland should cut the interest rates again, Rostowski claims. In the last months, NBP has reduced the interest rate from 4.75% to 3.75%. Rostowski thinks that Poland´s economy needs another reduction by 100 bps. Behind Hungary, Poland has the highest interest rate in Europe, he said. Even if NBP would cut the rate by 100 bps, Poland´s interest rate would be…

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