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Article: Analysts blast Poland's Monetary Policy Council for ditching "monetary-policy bias".
- Article from:
- Poland Business News
- Article date:
- September 30, 2005
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Analysts blast Poland's Monetary Policy Council for ditching "monetary-policy bias"
Warsaw. September 30. INTERFAX-EUROPE - Poland's Monetary Policy Council's (RPP) decision Friday to ditch one of its few methods of communicating with the markets, its "monetary-policy bias", from January 2006 was a mistake despite the RPP's misuse of it in the past, analysts say.
"I think it was a mistake," Bank Handlowy chief economist Katarzyna Zajdel-Kurowska said "It was a useful instrument for the financial markets, serving to stabilize expectations."
The RPP said it would drop the monetary-policy bias, currently set at "easing," as of next January in its ...