No breakthrough from Cabinet Council meeting, President to act as arbiter?

Following a meeting of the Cabinet Council, President Aleksander Kwasniewski, referring to the conflict between the government and the Monetary Policy Council (RPP) stressed that the two should seek to co-operate. Kwasniewski acknowledged he wanted to play the role of arbiter to lead to an agreement, saying, "The cuts in interest rates could have been slightly deeper", "As for the zloty exchange rate, there is a dispute among specialists and there are two concepts. The first excludes the possibility of any intervention, and the second admits the possibility of limited intervention". Prime Minister Leszek Miller remarked, "A condition of returning to economic growth is changing monetary and exchange rate policies". According to BRE Bank chief economist Janusz Jankowiak, the Cabinet Council meeting was meaningless and would bring no results. (Gazeta Wyborcza, p. 17; Prawo i Gospodarka, pp. 1, 5) M.T.