There is little room for rate cuts - rate setter
January 15, 2013
Poland has "little room" for further interest rate cuts and any easing space there might be is related to the external situation, rate setter Jan Winiecki told TOK FM radio on Monday.
"I would say that there is not much room for rate cuts" with economic growth prospects around 2.0-2.5%, Winiecki said.
"But there is evidently the outside world, which provides negative shocks. If there is any space, that is where it comes from."
At the January sitting concluded on Jan. 9, Poland’s Monetary Policy Council issued the expected cut but surprised markets by announcing that monetary easing may be coming to an end.