Polish CPI to ease to target at turn of 2009/2010

Polish inflation should stabilise around the central bank's 2.5-per cent target in the second half of 2009 or in the first half of 2010, the central bank's head, Slawomir Skrzypek, said on Wednesday.

WARSAW: Polish inflation should stabilise around the central bank's 2.5-per cent target in the second half of 2009 or in the first half of 2010, the central bank's head, Slawomir Skrzypek, said on Wednesday.

"Inflation should return to the (2.5 percent) target in a stable way either in the second half of 2009 or first half of 2010," Skrzypek said in an interview for TVN CNBC.

Skrzypek also said he "fundamentally opposes" currency market interventions. Prime Minister Donald Tusk recently rejected a candidate to become Skrzypek's deputy because of his controversial comments about currency interventions to cool down the strong zloty.
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