| Data: 2009-10-02 11:56:48 | |
| Autor: DJ\(stopazwrotu.pl\) | |
| Skrzypek na dachu, epilog | |
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Tak piszą w podsumowaniu oceny Skrzypka na stronie Global Finance
http://www.gfmag.com/latest/features/2482-features-central-banker-report-cards-2009.html Poland Slawomir Skrzypek Grade: B Slawomir Skrzypek was criticized across the board before the global financial crisis hit for failing to hike interest rates fast enough to contain inflation. Skrzypek's defense was that Poland's ongoing economic slowdown would tame inflation without the bank having to lift a finger-a conviction that turned out to be remarkably prescient. With inflation edging lower, in fall last year the bank embarked on a long series of interest rate cuts aimed at stimulating the stumbling Polish economy. Unfortunately, a concurrent sharp slide in the zloty's value put pressure on import prices, and inflation again surged above the central bank's 3.5% upper target before edging slightly lower in July. Despite the concerns about inflation, the central bank has made it clear that it does not expect any significant changes for the rest of this year in the record-low 3.5% base rate. Skrzypek remains bullish, claiming that inflation will return to the bank's target of 2.5% by mid-2010 while GDP growth should recover sooner than expected; in June he predicted that Poland would see 1% GDP growth over the full-year 2009. Given his record, his critics are likely to give him the benefit of the doubt this time around. |
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