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MPC member on interest rate cuts
   
Lukasz Hardt
Interest rate cut in Poland's 2018 conditions will not lead to investment rebound, even if general rules state that lowering interest rates should lead to a boost to investments, Monetary Policy Council member Lukasz Hardt wrote in an article for the September issue of "The Bulletin" by the Official Monetary and Financial Institutions Forum.
"In the context of monetary policy, one can say that lower interest rates typically make higher investments more probable," Hardt wrote.
"However, at the token level one can at the same time say that, for instance, in Poland in 2018, lowering rates will not lead to a rise in investments," he wrote.