1/15/2009

Poland should cut rates further-c.banker

Polish central bank should cut interest rates further to foster growth and may move in larger than 25 basis point steps, Monetary Policy Council member Andrzej Slawinski said on Wednesday
The main factor guiding the monetary policy now will be the fact that the economic growth will for some time be lower than the potential,' Slawinski told TVN CNBC in an interview.
'The monetary policy should further be eased ... in order to help the economic growth come back ... to the level of potential growth,' Slawinski said.

Source: By Piotr Skolimowsk, forbes.com

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