Bloomberg News

Polish Central Bank to Wait After 4 Rate Increases, Belka Says

June 17, 2011

June 17 (Bloomberg) -- Poland’s central bank will “wait” after raising interest rates four times this year, Governor Marek Belka said in an interview with the Polish public Radio 1 today.

“It makes sense to treat seriously what we have already announced after the rate meeting,” Belka said, indicating the council will pause with more rate increases.

The country’s inflation rate will slow “very quickly,” he added.

To contact the reporter on this story: Dorota Bartyzel in Warsaw at dbartyzel@bloomberg.net

To contact the editor responsible for this story: Marta Waldoch at mwaldoch@bloomberg.net


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