Poland’s Monetary Council (RPP) confirmed it has no intentions to push interest rates below zero. Jerzy Osiatyński of RPP said that the move could have a negative impact on the economy and the county’s currency. He claims that Poland’s economy need stimulus instead of a new inflation target.
Another RPP representative, Jerzy Żyżyński, believes that despite the common belief that Poland’s economy is growing, it is, in fact, relatively slow. “The reality is that our economy is weak and society is poor, which is seen in the statistics,” he said. “At the same time, the supply of Polish currency is very low, as are the savings levels of Poles. This is the starting point,” he added.
Żyżyński claims the country needs new tools to combine currency and fiscal policy that would make it possible to push the economy forward. “Key tool for the economy should be strong currency,” he said.
