Polish MPC hits at budget, rate outlook unclear

Poland's monetary policy council raised doubts on Monday about its readiness to cut interest rates next year, when it said the government's plan for cutting the budget deficit relied on "unrealistic" targets.

The council, which guides and executes central bank policies, said the government's failure to meet fiscal gap targets this year made it sceptical about the projections for 2001. "The council cannot assess the restrictiveness of fiscal policy in 2001. In this situation, the actual impleme

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