– The cycle of rate hikes should be continued. It is painful, but necessary – said Prof. Marek Belka. And it announces that we will face much more difficult times in the economy than those we are used to.
The former head of the National Bank of Poland was asked, inter alia, about the weakness of the zloty. Let us remind you that the exchange rates have been breaking records in recent days, and the zloty is one of the weakest currencies in the world. The euro already costs over PLN 4.60, and the dollar exceeded the barrier of PLN 4.10.
– Yeah all the talk about polexit plus what is happening at the border makes many investors think twice about investing money in Poland – said Marek Belka when asked about the reasons for this state of affairs.
How to prevent weak zloty and high inflation? In the opinion of the former NBP governor “we must clearly say through the mouth of the NBP governor that we are worried by the weakness of the zloty”.
– The cycle of rate hikes should also be continued. It is painful but necessary – added the MEP.
See also: The zloty is one of the weakest currencies in the world. Here’s what could happen next
When asked about the best ways to effectively repair the Polish economy, he only replied that “the government must be changed”. He also emphasized the theses contained in our Tuesday material on the so-called anti-inflationary shield. According to the former NBP governor, this could further fuel inflation.
Prof. Marek Belka also warns against throwing money onto the market to save the zloty. – This is not a way to strengthen our currency – said prof. Bar.
The former NBP president also strongly criticized his successor, Adam Glapiński. – He is perceived as very dependent on the ruling camp – he said, but at the same time added that He also sees no alternative to the current head of the central bank.
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Marek Belka also referred to the award presented to the NBP president by President Andrzej Duda. – This award is embarrassing. In such a situation, it is better to keep your distance to the matter, he commented.
He also did not like the issue of a commemorative coin in connection with the defense of the eastern border, which he called “subscribing to government propaganda”.