Poland's central bank to maintain floating rate

POLAND - Poland's Central Bank (NBP) will maintain the free-floating exchange rate, the institution's head Leszek Balcerowicz announced on Tuesday.

This contradicted Monday's suggestions by Deputy Finance Minister Ryszard Michalski, who spoke in favour of a controlled currency system ahead of Poland's entry to the eurozone.

Polish News Bulletin said Balcerowicz refused to comment directly on Michalski's statement, however he said that he saw no point in changing the bank's position on the currency

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