Belka: Poland an Enclave of Stability.

(From Polish News Bulletin)

In an interview for Parkiet daily, newly appointed central bank (NBP) President Marek Belka discusses state interventions on currency markets, the economic situation in Poland, the future behaviour of the zloty, prospects for entering the euro zone and doubts concerning extending access to the International Monetary Fund's (IMF) flexible credit line (FCL).

The economist underlines that the aim of state interventions on the currency market is not to keep the zloty exchange rate at a given level, because such an approach would stand in opposition to the country's inflation target strategy. He goes on to say that they will only be conducted …