ECB Talking Up QE Focuses Belka on Zloty Defenses: Poland Credit
This article is for subscribers only.
European Central Bank President Mario Draghi’s plan for further monetary easing is prompting his counterpart in Poland to respond with preparations of his own to keep the zloty from threatening the nation’s recovery.
The Polish central bank is “preparing instruments” to intervene on “asset markets of different classes,” Governor Marek Belka said on April 13 in a panel discussion at the International Monetary Fund’s meeting in Washington. The comments came a day after Draghi said the strengthening of the euro required further monetary stimulus.