RPP member foresees February current account deficit down from January

According to Wieslawa Ziolkowska, one of ten members of the Monetary Policy Council (RPP), it is anticipated that Poland's current account (C/A) deficit in February will be lower than January's figure of $887 million. In comments made yesterday at an economic seminar, Ziolkowska said, "The current account deficit should not be higher in February than in January, but rather closer to the December figure." December's C/A deficit was $816 million, but rose significantly in January. At the time, the annualized deficit value was 6.1% of GDP as compared with 8.3% of GDP in March 2000. The National Bank of Poland plans to release an official report on the C/A deficit on April 2. (Reuters) M. S.-C.