Interest Rates remain unchanged after Monetary Policy Council session

Although the next meeting is planned for February 24, most analysts expect a rate cut in March. The members of the council have left a serious warning for their successors and the government. "A high budget deficit, the country's increasing need to borrow, problems with the introduction of the expenditure limitation plan and rationalization of its structure can cause problems on the financial markets, which will lead to an increase in the profitability of state securities and lowering of the value of złoty," reads the RPP statement. According to current estimates of the National Bank of Poland (NBP), public debt has exceeded 50% of the GDP in 2003, and there is a huge possibility that the dangerous threshold of 55% of GDP will be exceeded this year. (Puls Biznesu, p. 15; Parkiet, p. 7) A.K.