Who? Which? That would be the Polish central bank, and they lifted their official rate today.
Polish cowboys not on your agenda this am? Think again. Today’s lift is the fourth this year, all of these tagged to rising food and energy prices. Now the Bank’s Monetary Policy Council are just too polite to blame Bernanke, but under their breath, they curse the guy.
Of course it’s part the Arab Spring, potential and real violence that goes with that (higher crude). Yet US exported inflation is just plain irritating for Poland and her fellow travelers. Naturally none of this is good for global growth. And, it didn’t have to be.
Robert Craven
Polish cowboys not on your agenda this am? Think again. Today’s lift is the fourth this year, all of these tagged to rising food and energy prices. Now the Bank’s Monetary Policy Council are just too polite to blame Bernanke, but under their breath, they curse the guy.
Of course it’s part the Arab Spring, potential and real violence that goes with that (higher crude). Yet US exported inflation is just plain irritating for Poland and her fellow travelers. Naturally none of this is good for global growth. And, it didn’t have to be.
Robert Craven
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