Bloomberg News

Rostowski Said Poland Can Gain From Controlled Zloty Weakening

October 05, 2011

Oct. 5 (Bloomberg) -- Poland as an exporting country can benefit from a weaker zloty as long as its depreciation remains “under control,” Finance Minister Jacek Rostowski said today in Warsaw.

The central bank was right to intervene in the currency markets over the past two weeks, selling foreign currencies and buying zloty, to show that investors can’t count on reaping profits by betting on a weaker zloty, Rostowski said during a lecture at Warsaw Technical University.

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

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


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus