Sokal: Poland needs conservative monetary policy
13:49
President's economic advisor Zdzisław Sokal said in an interview with Polish daily Puls Biznesu that Poland needs a conservative monetary policy, focused on current targets.
Sokal also said that the state should "activate all capabilities to accelerate the development of the economy."
Referring to the role of the central bank, he claimed that its mandate may be changed in the future. The President will pick the next governor next year after Marek Belka's tenure expires in June 2016.
The advisor also said that banks should bear most of burden of converting Swiss franc-denominated mortgages.
Meanwhile, Piotr Gliński, who is believed to be taking the role of deputy Prime Minister in the new cabinet, stated that PiS can't milk the banks too much since in addition to the mortgage loans conversion, they will have to face a new banking tax.
