Poland: Rostowski Wants to Cut the Interest Rates

People ♦ 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.

Poland: Rostowski Wants to Cut the Interest Rates / Picture: © Vindobona.org

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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