Polish Rate Cut in December Is Possible, TVN Reports

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.

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