With currency and interest rate policy unlikely to show any immediate change, Polish markets are expected to stabilize quickly after early jitters following the deaths of the country’s president and central bank governor.
Prime Minister Donald Tusk and his cabinet are the main stewards of Poland’s economy, which has maintained growth during the global credit crisis. President Lech Kaczynski played only a secondary, mainly ceremonial role.
Also killed by Saturday’s plane crash in Russia, Central bank governor Slawomir Skrzypek was seen as the driving force behind last Friday’s currency market intervention to halt strengthening of the zloty.
His replacement could eventually modify that policy, but the new central bank chief may not be chosen for some weeks, during which time current policy should continue. Interest rate policy, which has been broadly supported by the entire 10-member Monetary Policy Council, looks set to stay unchanged.
(article source: Reuters, photo source: Novinite.com)










