Belka worried about possible złoty appreciation

If the złoty strengthens against the euro, it may complicate business recovery in Poland, National Bank of Poland President Marek Belka told Reuters in an interview. “This would be a factor in our discussions on the further stance of monetary policy,” he said. “Some [Monetary Policy Council members] would look to go further with rate cuts, some don't want it and some would like to wait,” he added. “So we are now in a situation in which it is hard to define which way it will go.”