Poland's Belka says changing central bank mandate could conflict with EU law

October 27, 2015 11:44 AM

26 0

WARSAW Oct 27 Poland's central bank governor Marek Belka said on Tuesday that a change in the bank's mandate, flagged by the winner of Sunday's election, would require a change in the constitution and could conflict with European Union law.

The Law and Justice party (PiS), which will probably have an outright parliamentary majority, wants to launch a $90 billion monetary stimulus as part of a plan to boost economic growth and increase wages in central and eastern Europe's largest economy.

Also read: Europe must find way to grow even when rates rise: ECB's Coeure

Read more

To category page

Loading...