Zloty Pressured by Polish Fiscal Outlook
Recent weakness of the Polish zloty is the likely result of negative
news on the 2010 budget outlook, Monetary Policy Council member Halina
Wasilewska-Trenkner told the daily Gazeta Prawna.
Poland's planned PLN 52.2 billion zloty headline state budget deficit
and, more importantly, a broader public finance deficit reaching
towards 7% of GDP is "very big, both in nominal terms and as a percent
of GDP."
"Countries don't usually gain credibility that way, but their reputation rather worsens," Wasilewska-Trenkner said.
"It is possible that information about the deficit and generally about
the shape of the budget for next year will provide temporary downward
pressure on the zloty."
Blog by Michael Clay
Recent Posts
- Renewable Energy Seminar and Conference in London 26th January
- Retail Sales Likely to Grow Record High Ahead of VAT Hikes
- Poland May See Short-Term Price Growth After Euro Adoption - Finance Ministry's Report
- Poland Improving Amid Crisis
- Polish GDP to Grow 3.1% in 2010: IMF
- Polish Exports Gaining Momentum
- Poland to Receive Over EUR 10 bn From Cohesion Funds
- Poland's Euro Adoption in 2015 Seen Possible" - Dep FinMin
- Poland's GDP to Grow by 2.75 pct This Year – IMF Forecast
- European Commission Predicts Poland's GDP Growth Highest in EU
Tags
Property British Polish Chamber of Commons Exports from Poland Financial Crisis Central Bank Polands GDP Mayor Warsaw Eurozone Fit Out Business Incubator european commission DKM Real estate manufacturing wine Lodz Polish Food Hanna Gronkiewicz-Waltz business centre Export to Poland Euro PKO BP GDP of Poland, euro adoption, Poland's budget EU Funding Zloty Davidoff Kleeberg & Maresch warsaw Interior Design Employment Dell Food Low cost Airlines British Polish Chamber of Commerce Credit Crunch Poland Interest Rate Discover Poland, Michael Clay UK Supermarkets Poland's economy
- British Polish Chamber of Commerce (7)
- British Polish Chamber of Commons (2)
- business centre (2)
- Business Incubator (1)
- Central Bank (23)
- Credit Crunch (30)
- Davidoff Kleeberg & Maresch (2)
- Dell (1)
- Discover Poland, (1)
- DKM Real estate (2)
- Employment (10)
- EU Funding (12)
- Euro (19)
- european commission (9)
- Eurozone (19)
- Export to Poland (22)
- Exports from Poland (16)
- Financial Crisis (29)
- Fit Out (1)
- Food (3)
- GDP of Poland, euro adoption, (3)
- Hanna Gronkiewicz-Waltz (1)
- Interest Rate (19)
- Interior Design (1)
- Lodz (1)
- Low cost Airlines (2)
- manufacturing (7)
- Mayor Warsaw (1)
- Michael Clay (6)
- PKO BP (1)
- Poland (31)
- Poland's budget (16)
- Poland's economy (16)
- Polands GDP (17)
- Polish Food (2)
- Property (4)
- UK Supermarkets (1)
- warsaw (5)
- wine (3)
- Zloty (21)
Comments
Post has no comments.