NBP urges strict fiscal restraint be maintained in run-up to government election

Central Bank of Poland (NBP) president Hanna Gronkiewicz-Waltz is calling for strict government fiscal responsibility and says stabilization will only occur once an election has been held. There may be frequent fluctuations in the value of the zloty and potential investors may wait until a newly elected government announces its budget before investing in Poland. In the meantime, foreign investors will be watching the current minority government very carefully. Gronkiewicz-Waltz says it is vital the budget deficit be reduced and requires non-emotive decision making. (Gazeta Wyborcza, page 20) A.D.