Polish National Bank Criticized

BusinessEconomy ♦ Published: December 11, 2012; 18:00 ♦ (Vindobona)

Poland´s Minister of Finance Jacek Rostowski thinks that NBP (National Bank of Poland) does not cut interest rates quickly enough.

Polish National Bank Criticized / Picture: © Vindobona.org

Rostowski explains that Poland records disappointing economic data, but the Central Bank keeps the interest rates too high, he says. The low economic growth rates would be the results of the wrong monetary policy, he stated. In the third quarter, the Polish GDP growth only came at 1.4% which is substantially below the expectations.

The economic upswing will start in 2013, which…