Marek Belka interview for Obserwatorfinansowy.pl
Prof. Marek Belka: The zloty exchange rate is becoming increasingly detached from the sound foundations of the Polish economy. The weakening zloty is having an adverse effect on prices, impeding the control of inflation by the NBP. The zloty’s considerable volatility is constraining the forecasting ability of economic agents and increasing their uncertainty of the future, translating into a lower propensity to invest. This, in effect, harms the economy’s growth potential. At the moment, the zloty exchange rate vis-a-vis foreign currencies is determined, to a great extent, by external circumstances which have a negative impact on the Polish economy.
The whole interview on Obserwatorfinansowy.pl (in Polish)