Szczurek calls on RPP to follow its goals

The Monetary Policy Council (RPP) should carry out its statutory goals, Finance Minister Mateusz Szczurek was quoted as saying by the Polish Press Agency. “The RPP has two goals. One is the stability of prices. The other is supporting the economic policies of the government, if it does not interfere with the first goal,” Szczurek said. The finance minister also upheld this year’s GDP growth forecast of 3.3 percent and the deficit-to-GDP ratio at 3.3 percent. At its November sitting the RPP left interest rates unchanged. In October, it made a 0.5 percentage point cut of the reference rate and a 1 percentage point cut of the lombard rate.