Polish Rate Cut in December Is Possible, TVN Reports
By Dorota Bartyzel -
2012-11-20T09:22:39Z
Poland’s central bank may reduce borrowing costs next month amid a worsening economy, policy maker Andrzej Kazmierczak said in an interview with TVN CNBC.
“There’s a chance, there’s a possibility, that the Monetary Policy Council will give Poles a Christmas gift and will lower interest rates,” Kazmierczak said in the interview, broadcast late yesterday. “The macroeconomic situation justifies monetary easing.”
The council will hold its next rate meeting Dec. 4-5.
To contact the reporter on this story: Dorota Bartyzel in Warsaw at dbartyzel@bloomberg.net
To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net
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