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Vague Economic Outlook in Poland: Unadvisable to Cut Interest Rates
Politics ♦
Published: April 16, 2013; 11:26 ♦ (Vindobona)
In an interview with Reuters, member of the Monetary Policy Council (MPC) Elzbieta Chojna-Duch explains why it is problematic for Poland to decide on further cuts in interest rates.
Vague Economic Outlook in Poland: Unadvisable to Cut Interest Rates / Picture: © Polish National Bank NBP
"In my view, incoming data aren't clear and, in such a situation, a decision to cut interest rates again could be difficult to make," she said in an interview published on Monday. Chojna-Duch has been one of the two biggest supporte for a lower interest rate for months and often tried to convince her fellow equals to cut borrowing costs faster. She explains that the economic slowdown…
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