12/18/2008

Polish c.bank head: fx interventions may be needed

WARSAW, Dec 17 (Reuters) - Poland's central bank governor Slawomir Skrzypek said on Wednesday there may be a need or currency market interventions because of the zloty's sharp depreciation.

He added he was not a fan of such a solution but that he was worried about the weakening zloty 'The zloty is subject to very big volatility. Its depreciation has accelerated over the last months,' Skrzypek told reporters.

'When it comes to possible central bank actions, the free-floating exchange-rate is a value in itself. I am not a supporter of forex interventions but such a need cannot be ruled out now.'

Source:By Adrian Krajewski, Karolina Slowikowska
forbes.com

Etykiety: , ,



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