PM calls on Monetary Policy Council to help fight crisis with rate cuts
January 28, 2013
Polish Monetary Policy Council should take steps "supporting the Polish economy" in the light of the slowdown, PM Donald Tusk told reporters on Friday, referring to recent comments by the rate council member Jerzy Hausner about the scale of the slowdown.
"I hope that this pessimism of Hausner will also translate into the council's actions," Tusk said.
Comments follow statements of Hausner who appeared in the media twice last week, saying that the current economic slowdown will be slightly deeper and longer than the slowdown in years 2008-09.
While "it is not my habit to comment on the council’s actions, as it is a council’s member who spoke on the matter, I can only reply with an appeal, reiterated on many occasions by the finance minister, . . . for swift decisions, which could support the Polish economy," Tusk said. "What I mean here is shaping [interest] rates by the council."
Tusk thus joined Finance Minister Jacek Rostowski, who at numerous occasions said he expected more rate cuts by the council.