Poland managed to meet two Maastricht criteria in November

Poland met two out of five euro convergence criteria in November, the Ministry of the Treasury informed. “In November, Poland met the criterion on price stability. Average annual HICP indicator growth was 0.2 percent (the lowest ever) and was lower than the reference value by 1.1 percent points,” the ministry reported. “Poland met interest rates criterion. Average long-term interest rate amounted to 3.7 percent (the lowest level ever) and was 1.8 percent points lower than the reference value,” it added. Poland should meet fiscal criteria through 2016, the European Commission estimates. Since Poland does not participate in the exchange-rate mechanism (ERM II), it does not meet exchange rate criterion. From the beginning of Polish accession, the authorities have declared a will to join the euro zone.