In Brief: MPC on exports; Current account deficit; Kołodko's growth projections

Monetary Policy Council (MPC) member Bogusław Grabowski said on Monday that EXPORTS would remain upbeat in the months ahead, despite weak export markets, helped by a softer złoty exchange rate. He was commenting after February current account figures showed a 7.5% year-on-year increase in euro-denominated exports. "Exports remain a key driver, beside consumption, of growth," Grabowski told Reuters ... The CURRENT ACCOUNT DEFICIT narrowed to ?517 million in February from a revised ?704 million gap in January, confirming a feeble economic recovery was underway. The country's trade gap narrowed to ?580 million in February from ?1,122 billion in January and €939 million over the same period last year, with exports rising ... The Finance Minister on Monday repeated his near-term GROWTH OUTLOOK, saying second quarter GDP may grow around 3% before speeding up to 4% by the end of the year. (Reuters) M.M.