Peasants Party calls for more RPP members in bid to bring interest rates down

The Polish Peasants Party (PSL) is calling for an increase in the number of Monetary Policy Council (RPP) members, in a bid to bring interest rates down further. The PSL believes deep rate cuts are the best way to revive the economy. Recently the Democratic Left Alliance (SLD) and the PSL, both members of the ruling coalition, have been intensifying their criticism of the RPP, in an effort to force it to cut interest rates. "We need to help the RPP participate in caring for economic growth," senior PSL deputy Marek Sawicki told Reuters. Since RPP members are selected by Parliament, both houses of which are dominated by the ruling coalition, adding to their numbers would inevitably tilt the balance in favor of members who support lower interest rates. (Puls Biznesu, p. 21; Reuters) M.T.