Polish companies have cut their expectations for second-quarter growth amid the escalating crisis in neighboring Ukraine, a central bank survey showed.
Polish inflation held steady in March, strengthening the case for policy makers to extend their vow to hold borrowing costs at a record low beyond September.
European Central Bank President Mario Draghi’s plan for further monetary easing is prompting his counterpart in Poland to respond with preparations of his own to keep the zloty from threatening the nation’s recovery.
Poland’s central bank is preparing measures to deal with any market volatility amid low global inflation and persistently slow economic growth, Poland’s central bank chief Marek Belka said today.
The crisis in Ukraine may limit potential gains in the Polish zloty triggered by the outlook for easier monetary policy in the euro area, Poland’s central bank Governor Marek Belka said.
Poland central bank Governor Marek Belka is ruling out deeper interest-rate cuts even as policy makers in the neighboring euro region weigh quantitative easing to ward off deflation.
Poland’s central bank left its benchmark interest rate at a record low for a ninth month as inflation remains subdued while economic growth recovers faster than expected.
The International Monetary Fund and World Bank will hold their spring meetings in Washington as finance ministers and central bankers from the Group of 20 plan a parallel gathering.
BlackRock Inc., the world’s biggest money manager, says there’s probably money to be made at the long end of the Polish government bond curve.
Ukraine’s crisis means that Poland needs to reconsider its skepticism toward adopting the euro, said Marek Belka, the neighboring country’s central bank chief.
"We are seeing a clear, vigorous economic recovery."
- Marek Belka on Apr 09, 2014