Marek Belka — Polish Economist born on January 09, 1952,

Marek Marian Belka is a Polish professor of Economics, a former Prime Minister and Finance Minister of Poland, former Director of the International Monetary Fund's European Department and current Head of the National Bank of Poland... (wikipedia)

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.
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.
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.
Should that worse scenario materialize, then most probably our propensity to increase interest rates will be weaker.
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.

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