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Marek Belka Quotes

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We continue to be vigilant  (Marek Belka Quotes) We do see significant signs of a slowdown, in the economy worldwide  (Marek Belka Quotes) And in the last sentence I would like also to mention that Poland is one of the countries with which the United States has run strategic dialogues since last year  (Marek Belka Quotes) To the contrary, when you look at projections, both Polish and international, we can expect some slowing down of the rate of growth in the coming year, 2012. But of course these are projections  (Marek Belka Quotes) 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 Quotes) 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 Quotes) 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 Quotes) 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 Quotes) With the sugar market hysteria, the people are obviously worried and expect higher inflation. When this hysteria subsides, which we’re probably observing, then I hope that people will also get less worried about the future of inflation.  (Marek Belka Quotes) 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 Quotes) 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 Quotes) With the sugar market hysteria, the people are obviously worried and expect higher inflation. When this hysteria subsides, which we’re probably observing, then I hope that people will also get less worried about the future of inflation  (Marek Belka Quotes) 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 Quotes) Should that worse scenario materialize, then most probably our propensity to increase interest rates will be weaker  (Marek Belka Quotes)