Economics
Poland Needs Fiscal Boost Over Rate Cut, Central Banker Says
- Ancyparowicz says rate policy is already ‘near its limit’
- MPC member would back easing if bank slashes GDP outlook
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Poland should provide fiscal stimulus to aid the virus-hit economy before the central bank considers cutting borrowing costs that are already at a record low, Monetary Policy Council member Grazyna Ancyparowicz said.
“It’s high time for fiscal policy to play first fiddle,” Ancyparowicz said in an interview. “Our monetary policy has already been near its limit and absolutely nothing should be done by us without the government taking fiscal action first.”