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Polish rates near optimal level - c.banker Wojtyna

Published 05/19/2009, 01:50 AM
Updated 05/19/2009, 02:32 AM

WARSAW, May 19 (Reuters) - Interest rates in Poland are near their optimal level, provided the government will maintain a reasonable budgetary policy, central bank's Monetary Policy Council (MPC) member Andrzej Wojtyna was quoted as saying.

"I think that given such budgetary policy we are near the optimal level of interest rates," Wojtyna told Gazeta Wyborcza daily in an interview.

Wojtyna, who voted against cutting rates to a new record low during MPC's last sitting, added he still believed in a soft landing for the Polish economy this year.

"Currently, a fall for the GDP (gross domestic product) would for me mean a hard landing, I would take zero growth for a soft landing still."

(Reporting by Adrian Krajewski)

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