Polish policymaker flags half-point cut

- Central Banking staff
- 05 Jan 2009

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Marian Noga, often portrayed as a hawk on the National Bank of Poland's ten-member rate-setting panel, said rates could be lowered by half a percentage point at the next meeting.

In an interview with Rzeczpospolita, a Polish daily, he said: "In the current situation, the most appropriate would be steps (interest rate cuts) by 0.5%."

Poland's central bank cut rates by three-quarters of a point in December taking the cost of borrowing to 5%.

A weak zloty, above-target inflation and relatively healthy

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