July 12 (Reuters) – The losses in the Polish zloty are not enough to raise interest rates and the currency is set to strengthen long term, Monetary Policy Council member Jerzy Hausner was quoted as saying on Monday.
“If we were seeing an appreciation of the zloty, then this would naturally be weakening the inflation pressure. Then the motivation to raise the interest rate would be smaller,” Hausner told daily Gazeta Wyborcza in an interview.
“But the current weakening of the zloty is not enough of an argument to rise rates.” (Writing by Gabriela Baczynska; Editing by Neil Fullick)