Marek Belka incorrect on matter of Monetary policy says Balcerowicz

The President of the National Bank of Poland Leszek Balcerowicz has criticised opposition Finance Spokesman Marek Belka for the latter's comments that a too tight Monetary Policy is responsible for Poland's current economic difficulties. The comments come at a time of increasing hostility between the Central Bank and the opposition politician who is expected to become the next Finance Minister after the General election here on 23rd September. "I am sorry to say that Professor Belka's comments are simply false", argued Balcerowicz yesterday. Belka on the other hand has stated in a series of articles recently that interest rates must be reduced to kick-start the economy. "Inflationary targets are now of minor importance", claims the SLD politician. (Reuters) P.G.