Poland resilient to market turmoil related to Ukrainian crisis - minister
March 5, 2014
Poland's deputy Finance Minister Wojciech Kowalczyk, source: www.mf.gov.pl
Poland's zloty and debt market show resilience to the political crisis in Ukraine and resulting turmoil on financial markets thanks to good perception of Poland and its strong economic fundamentals, deputy Finance Minister Wojciech Kowalczyk told PAP Polish news agency.
"One can see that the FX market reacted to these events calmly and rationally - there was some volatility but not on a large scale," Kowalczyk said.
"Reaction of the debt market was very stable. It shows that the fundamentals of the economy are strong and Poland is viewed through the prism of these fundamentals," the official said.
"Last week we met with investors in London and these talks show that they have a very constructive approach to the Polish economy and to the zloty."
On Monday the Polish currency depreciated to even 4.226 against the euro but on Tuesday EUR/PLN returned to below 4.20 level.