Government takes steps to curb the strength of the złoty

"This appreciation is no longer a source of concern only for the government, but also for NBP authorities," the Government Information Center said in a statement. The "concern of NBP authorities" is likely a referral to comments made by NBP deputy president Krzysztof Rybiński, who said on Tuesday that the NBP could intervene on the foreign exchange market in the future. These comments were downplayed by NBP president Leszek Balcerowicz, who in a radio interview yesterday said that the strategy of a free floating złoty has served Poland well in the past years. There appears to be a difference of opinion on a possible intervention within the government as well, with the Prime Minister Belka and Economy Minister Jerzy Hausner in favor of looking into such a possibility and Finance Minister Mirosław Gronicki saying that there is no need for intervention. (Parkiet, p. 9) E.B