Polish Debt Chief Welcomes Central Bank’s Weak Zloty Policy
- Weaker currency helps exporters, shores up budget, Skuza says
- Poland has no plans to tap international debt markets for now
Source: Poland Finance Ministry
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The Polish finance ministry welcomes the central bank’s attempts to weaken the zloty as the country’s debt pile has become less sensitive to exchange-rate swings.
The government’s strategy of reducing reliance on foreign financing allows the currency to weaken without a significant rise in debt servicing costs, Deputy Finance Minister Sebastian Skuza, who is in charge of debt management, said in an interview. The depreciation helps exporters and should also indirectly shore up public finances, he added.