It’s not about the pace, it’s about the direction we’ve set. The pace is of course a function of many factors, including the magnitude of the supply shock. But what’s probably more important is the probability of the supply shock translating into sustainable embedded inflation. Marek Belka Read Quote
The Holocaust committed by the Nazis turned this country, where most of the European Jews used to live and where their culture used to flourish, into a massive grave. This is why initiatives to revive Jewish culture in Poland is so important. Marek Belka Read Quote
Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy. Marek Belka Read Quote
We’re in a tightening cycle and the reason is the economy is growing, there’s no expectation that the global economy and the Polish economy as a consequence could slow down dramatically. Marek Belka Read Quote
Should that worse scenario materialize, then most probably our propensity to increase interest rates will be weaker. Marek Belka Read Quote
Our rate moves will have an impact on the economy in 2013. Whether we raise or lower rates depends on how the economic situation develops. Marek Belka Read Quote
We take our international responsibilities very seriously and will not withdraw our troops from Iraq… Otherwise, the victims of terror in Madrid will have died in vain. Marek Belka Read Quote
I still have five years to the end of my term. There are many candidates. There’ll be a problem if it’s supposed to be a European or someone from the emerging countries, the so-called BRICS. This will be decided, but please don’t think Poland has anything to say about it. Marek Belka Read Quote
No matter who becomes chancellor, Poland and Germany will remain neighbours, strategic partners, not only within the European Union, but also world partners, and I don’t believe anything could change in our relations. Marek Belka Read Quote
