Poland's rate council increasingly optimistic on economic prospects
September 5, 2013
Poland's rate council is increasingly optimistic about growth prospects of the Polish economy, central bank NBP President Marek Belka told a news briefing following council's September policy sitting.
"I think that moderate optimism, but still optimism, is rising," Belka said of council's views to the economy. "Today we see the outlook better than a few months ago."
"I think that the July decision to end the easing cycle is a material statement of this," he added.
Poland's ten-member Monetary Policy Council kicked off its easing cycle in November 2012 and had hinted at pause several times before issuing the last rate cut in July with a strong vow of no moves to end-year. The easing cycle to July included 225 bps in cuts.