Polish rates to rise soon

Halina Wasilewska-Trenkner, a monetary policy committee member at the National Bank of Poland, says interest rates will rise in either August or September this year.

"We are seeing a picture of price pressure; this is the time for action and not for waiting," said Wasilewska-Trenkner in an interview with Thomson Financial News on Wednesday.

She added that the timing of the rate hike was dependent on data on output as well as recent global events: "The scale and timing of further rises in inte