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Poland to Cover Borrowing Needs Early

Politics ♦ Published: January 13, 2014; 12:54 ♦ (Vindobona)

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The biggest CESEE economy wants to raise cash before the U.S. FED begins to reduce its asset buying program. The CESEE region will absorb the monetary shock, though.

Poland to Cover Borrowing Needs Early / Picture: © Vindobona.org

Due to the asset buying program, the U.S. Federal Reserve Bank has helped to keep borrowing costs low in the last two years. Per month, the FED has acquired assets in the amount of $ 85bn. Emerging markets like CESEE were among the main profiteers. Already in summer 2013, however, the FED announced that the program will come to an end in the course of 2014. As a result, the CESEE region…