Poland still has room for interest rate cuts - Finance Minister
September 20, 2013
There is still room for interest rate cuts in Poland, Finance Minister Jacek Rostowski said in the Senate upper house on Thursday during the debate on 2013 budget amendment.
"I still believe that there is room for further interest rate cuts in Poland," Rostowski said. "This stems from lowering the structural deficit in the years 2010-2012."
Poland's Monetary Policy Council kept interest rates unchanged during the September sitting and vowed to keep interest rates unchanged until at least end-year. In July the council concluded its easing cycle which brought the main interest rate down to 2.5% from 4.75%.