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Government should eschew suasion and directives to banks on interest rates that run counter to monetary policy actions.
Domestic inflation reflects domestic monetary policy.
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.
Monetary policy itself cannot sensibly be directed at reducing imbalances.
Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns.
Monetary policy is not a panacea.
A good monetary policy follows inflationary expectations and not historical numbers.
There is no risk-free path for monetary policy.
We made a decision that monetary policy will be made by an independent European Central Bank.
