Belka: Rate cut series to be completed this year

Poland's Monetary Policy Council should complete its series of easing before the end of this year, it's president and head of the National Bank of Poland, Marek Belka, told Bloomberg in an interview. “Don’t expect us to postpone any possible future steps until the first or second quarter of 2015, at least the way things look now,” he said. “In my opinion, and I don’t know if this view will prevail, everything we’ll do, we should do by the end of this year.” “Weaker growth in the euro area and the European Union as a whole means difficulties for our exports,” Belka added. “For now our exporters are coping wonderfully. But even if you’re a well-trained athlete, it’s not easy to run uphill.”