Poland's c bank intends to cut mandatory reserves

POLAND - Poland's central bank NBP intends to decrease the level of mandatory reserves to 2% from the current 4.5% with the aim of adjusting the Polish system in line with EU standards, according to the NBP's task schedule for 2002-2004.

Proposed adjustments will also include implementation of interest on mandatory reserves and standardization of timeframes for mandatory reserve maintenance. Also planned: liquidating the possibility to maintain a portion of the reserves in cash by banks. In J

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