NBP Chairman says the strong złoty reflects the strength of the economy

"Over this period labor efficiency was growing faster than in the Eurozone, while salaries were kept under control," said Balcerowicz. He said that a strong złoty in relation to dollar is good for fuel prices in Poland and inflation. The NBP Chairman said he was against any intervention on the forex market, as the strategy of market's independence has so far brought about only positive results. The złoty is underpinned by good economic results, as well as limiting the value of state debenture equity to be issued by the end of the year. (Parkiet, p. 8) M.M.