Bloomberg News

Poland May Not Need to Cut Rates Next Year, Bratkowski Tells TVN

October 14, 2011

Oct. 14 (Bloomberg) -- Poland may not need to cut interest rates next year if the euro area avoids a worst-case scenario, allowing the Polish economy to expand at better than a 3 percent rate, Andrzej Bratkowski of the Monetary Policy Council said late yesterday in an interview on TVN CNBC.

While a “very strong” slowdown that would slow Polish economic growth to about 1 percent can’t be ruled out if there is an uncontrolled Greek default, Bratkowski said it is “highly unlikely.”

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


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