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Macroeconomics  |  January 18, 2013 09:23:36

Kazimierczak (PCB): The rates on zloty could still fall


Hawkish member of the Monetary Committee of the Polish central bank Kazimierczak said that the central bank could cut interest rates further. It is an important indication that this will actually occur in February. Kazimierczak but also said that the central bank must be careful that in consequence of weakening zloty rates too. Tomorrow's data set will tell more. If there is no significant positive surprise, the data confirm the reduction in rates. Weak market data would interpret as confirmation that rates have more room to fall than suggested by the last session of Monetary Affairs Governor Belka, when he said he sees room for a drop to a maximum of 3.5%

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