Stabilization of Polish Markets After Tragedy
After the untimely death of Polish President Lech Kaczynski, the fate of the country lies in the hands of the Prime Minister – Donald Tusk. Sadly, the Polish president wasn’t the only one who fell victim to this fateful tragedy. Other valuable lives included people like Slawomir Skrzypek, the central bank governor.
The governor’s death seems like the plausible reason for last week’s staggering currency rates. A new replacement needs to be called in and it is not going to be a matter of few weeks. Meanwhile, the Prime Minister is trying to deal with the economic conditions of the country by maintaining;
* Interest Rate Policies
* Currency Rate Policies
* Macro Level Policies
On the contrary, the financial markets are still hopeful from the long term perspective. Former central bank officer, Dariusz Filar said – “We’re hopeful and the financial market is not likely to suffer in the long term. These are tough times but they are only there for the short term”.
In terms of currency policies, former Central Bank governor, Skrzypek wasn’t inclined on adopting the Euro. Perhaps, his followers will prove to be more Euro friendly in the near future. The replacement of Skrzypek is probably going to ease those vibes of tension between the government and the central bank and other members of the central bank.