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.
Polish interest rates should stay at a record low until “at least” the end of this year amid a gradual economic recovery, central banker Jerzy Osiatynski said.
A packed passport appears to be a pre-requisite to running a modern central bank.
Poland’s central bank extended its pledge to keep the benchmark interest rate at a record low until at least the end of September from the middle of the year as inflation stays in check even as economic growth accelerates.
"We are seeing a clear, vigorous economic recovery."
- Marek Belka on Apr 09, 2014