Belka: NBP may take action in the market

Marek Belka, the head of NBP, said that the Polish central bank is ready to intervene in the market, if such a need occurs regarding "Greek events," the Polish Press Agency (PAP) reported. As the effects of a possible Grexit are still unknown, some turbulences may happen in the international financial markets, which will cause an increase in debt service costs, Belka pointed out. "The Polish złoty is swinging, but it is stable. The central bank has at its disposal an unprecedented quantity of currency reserves today," he said adding that the reserves reach €100 billion.  "If such a need occurs, we will be able to intervene," Belka continued. What is more, the head of NBP stressed that the institution is ready for any unpleasant consequences, because the Polish economy is "very well balanced."