22nd January 2013
Friday, May 24th, 2013
Rostowski: rate setters should take into account low inflation
The FM hints that the RPP should continue to lower interest rates
| Finance Minister Jacek Rostowski believes low interest rates are needed to help Poland's economy WBJ Archives |
Finance Minister Jacek Rostowski told radio RMF FM that the Monetary Policy Council (RPP) should consider below-target inflation as an important factor on its nearest meeting. He added that lower interest rates could be helpful in battling economic slowdown.
“It's important to remember that Poland has the third-highest central bank interest rate in all of Europe,” Minister Rostowski said, adding “I'm rather convinced that this is something the council will take into account.”
He also added that Friday's industrial production data were poor but in accordance with expectations. He said that an improvement may be expected in Poland's economy in the second half of the year.
From Warsaw Business Journal
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