Polish MPC should explain not preach

POLAND - Poland's Monetary Policy Council (MPC) needs to explain better to the public the rationale behind its high interest rates or face a "war" with an increasingly hostile government, a top independent economist said on 12 June.

Witold Orlowski, an influential economist at the NOBE think-tank who has been a close adviser to finance ministers, criticised the 10-member MPC for not accepting any criticism.

"There is no discussion about monetary policy since there is no trace of dialogue...Prob