Polish Central Bank Fails to Assure With Economic Appraisal

Poland’s central bank is raising eyebrows in its justifications for maintaining record-low borrowing costs.

Governor Adam Glapinski has brushed aside concern about the worst economic expansion in three years and an upward shift in inflation surpassing anywhere else in the European Union. Western sluggishness is weighing on growth, he says, while factors beyond the bank’s control are driving prices.