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Warsaw Poland Expat Community / Business in Poland / Significant rate cuts in PLN
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niko
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# Posted: 29 Jan 2009 21:05
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WARSAW, Jan 29 (Reuters) - The Polish central bank should cut interest rates much further, a member of its policy making Monetary Policy Council said on Thursday, after data showed the economy grew 4.8 percent in the whole of last year.

'The (2008 growth) was quite decent,' Miroslaw Pietrewicz, seen by analysts as one of the council's most dovish members, told Reuters. 'But I'm in favour of decisive and significant rate cuts.'

Poland's economy grew by 4.8 percent in 2008, a touch below expectations, statistics office data showed on Thursday.

(Writing by Dagmara Leszkowicz; editing by Patrick Graham) Keywords: POLAND GDP/CBANKER

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