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View Full Version : Poland's Bratkowski Sees Rate Increases More Likely Than Cuts - Bloomberg



NewsWhore
10-18-2011, 08:10 AM
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Poland&#39;s Bratkowski Sees Rate Increases More Likely Than Cuts (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE-goH1ML23hSkLFATmIVknU2V8Ew&url=http://www.bloomberg.com/news/2011-10-18/poland-s-bratkowski-sees-rate-increases-more-likely-than-cuts.html)
Bloomberg
&#39;&#39;The orthodox approach to a free-floating currency hasn&#39;t worked, in my view. The main purpose of intervention is to reduce fluctuations of the exchange rate, not to defend a particular level. &#39;&#39;It would be dangerous to prop up the zloty as a way to ...

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