According to Marek Belka, president of the National Bank of Poland (NBP), the slowdown in the Polish economy is already deep enough to justify lowering interest rates, wyborcza.biz reported.

In a interview with Bloomberg during the IMF/World Bank annual meeting in Tokyo, the head of the NBP made the first such explicit declaration so far suggesting that interest rates might be cut soon – perhaps even at the next meeting of the Monetary Policy Council (RPP), to be held on November 6-7.

Until now, he has been more cautious in his comments, claiming that the central bank's most recent inflation and economic growth projections need to be known before any decisions are made.

Poland A.M.