Polish fin min seeks central bank truce

POLAND - Polish Finance Minister Marek Belka appears anxious to extend the olive branch in an escalating feud between the government and Poland's central bank over high interest rates and the surging zloty.

In an interview, Belka said the two sides are not far apart and that one more rate cut - preferably of 150 basis points in January - would be enough to calm speculative pressure on the zloty, relieve hard-pressed Polish exporters, and help boost flagging economic growth.

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