Poland still has room to cut interest rates - IMF

The International Monetary Fund said on Monday that Poland has still room to cut interest rates "even though room for monetary accommodation in Central Europe becomes increasingly limited," Reuters reported. "There is room to cut further (in Poland)," said Anna Ilyina, chief of the IMF's Emerging Economies Division at its European Department, during a news conference in response to a question on Monday. "Another important factor that needs to be taken into account is that the QE has been launched just recently and QE is expected to have a positive effect on inflation in the euro area and that is something that will have spillovers for countries in Central and Eastern Europe," she added.