Bloomberg News

Polish Rate Increases May Not Be Finished, Hausner Tells Gazeta

June 27, 2011

June 27 (Bloomberg) -- It’s too early to assume that Poland is finished with interest-rate increases, Jerzy Hausner of the central bank’s Monetary Policy Council was quoted today as saying in an interview in Gazeta Wyborcza.

Hausner said the central bank “has done what it can” to curb inflation without harming economic growth and that it is now up to the government to “build a fiscal balance” that supports economic expansion, the newspaper reported.

Poland’s growth rate may decline to about 3 percent due to budget cuts, slowing public investments and a weaker net contribution of exports to gross domestic product, Hausner said, according to Gazeta. The inflation rate will probably fall to the central bank’s 2.5 target in about a year, the newspaper quoted Hausner as saying.

To contact the editor responsible for this story: David McQuaid at dmcquaid1@bloomberg.net


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