The zloty traded near the strongest level in a year, fluctuating between gains and losses, as a technical indicator signaled the rally has gone too far and an adviser to the prime minister said the government may cut its 2013 economic growth forecast.
Poland’s borrowing costs fell below Italy’s for the first time in two months after Prime Minister Donald Tusk won re-election on budget cuts and Prime Minister Silvio Berlusconi lost parliamentary support.
The Polish central bank should raise interest rates as early as next month after core inflation jumped to a 12-month high in March, according to Dariusz Filar , a member of the government’s Council of Economic Advisors.
The government’s Council of Economic Advisers recommended against “radical” changes in Poland’s pension system at a meeting yesterday attended by Prime Minister Donald Tusk, Dariusz Filar, a member of the council, said today in an interview on Radio PiN.
Poland’s central bank should raise interest rates this year, possibly by 50 basis points, to curb a projected acceleration of inflation in 2012, Dariusz Filar, a government economic adviser and former member of the Monetary Policy Council, said in an interview today on Radio Pin.