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Poland

Fears for zloty outweigh calls for cuts

The National Bank of Poland opted for a smaller-than-expected cut on Wednesday in a bid to maintain the value of the zloty. The move reflects the mounting concern among central and eastern European countries that marked currency depreciations could…

Polish PM finally approves deputy nomination

Donald Tusk, Poland's prime minister, will give the nod to Witold Kozinski to become a deputy president at the country's central bank despite earlier misgivings regarding the economist's stance on currency intervention.

Poland keeps an eye on growth

The National Bank of Poland decided to keep the key interest rates unchanged after a notion of a 25 basis points rise did not pass, the minutes of the April monetary policy council meeting show.

Poland targets ERM-2 by 2011

Marian Noga, a member of the ten-strong council of the Polish central bank, said on Monday that Poland should join the ERM-2 exchange rate mechanism in 2011.

Euro expectations stabilise currencies

Relatively stable market expectations for euro-locking rates have fixed the exchange rates of three central European currencies, research published by the National Bank of Hungary finds.

Polish legality issue reveals law's flaws

Krzysztof Rybiski, a former deputy president of the National Bank of Poland, has said the arguments over the legality of organisational changes proposed by Slawomir Skrzypek show "serious flaws" in the design of the country's central bank act.

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