Dissention in the ranks
"We should not do anything that may destabilize the Polish economy's prospects, and a too restrictive monetary policy is likely to contribute to this situation," said Belka with regard to the Monetary Policy Council's interest rate hikes and restrictive stance this year.
But his government is clearly split on the issue. Deputy Prime Minister Jerzy Hausner shares Belka's fears, whereas the Finance Minister, Mirosław Gronicki, claims the strong złoty has no effect on exporters at all.
The president of NBP, Leszek Balcerowicz, claims that a lack of intervention is advantageous, and should become the norm. (A.B.)
But his government is clearly split on the issue. Deputy Prime Minister Jerzy Hausner shares Belka's fears, whereas the Finance Minister, Mirosław Gronicki, claims the strong złoty has no effect on exporters at all.
The president of NBP, Leszek Balcerowicz, claims that a lack of intervention is advantageous, and should become the norm. (A.B.)
