Poland set for longer period of interest rate stabilization as GDP growth seen improving gradually

Poland is set for a "long period of interest rate stabilization," with the country's GDP growth seen improving slowly but gradually starting in Q3 2013, rate setter Andrzej Bratkowski told reporters. "We may count on a long period of interest rate stabilization," Bratkowski said, pointing to the fact that Poland's GDP growth will accelerate slowly but gradually. GDP growth in Q2 was similar to Q1, Bratkowski opined. "GDP growth in Q3 should be better than in Q2 and later everything will go in the direction of an improvement, albeit slight," he said. The economic growth in Poland "will undergo a slow, but gradual improvement" until the end of the current monetary policy council's term of office, the rate setter added. The current term of office of Poland's monetary policy council expires in 2016.

Poland set for longer period of interest rate stabilization as GDP growth seen improving gradually

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