Polish Finance Chief Shrugs Off Zloty Plunge Amid Court Spat
- Currency fell as judicial refoms sparked protests, EU rebuke
- Morawiecki says he’s ‘generally in favor of a stronger zloty’
Deputy Prime Minister of Poland Mateusz Morawiecki discusses the strength of the zloty as he is 'comfortable' with the current level of the currency. He speaks with Bloomberg's Mark Barton on 'Bloomberg Surveillance.' (Source: Bloomberg)
Poland’s deputy prime minister said he’s comfortable with a stronger domestic currency and brushed off the zloty’s biggest slump this year after a planned court overhaul sparked mass protests and the threat of European Union sanctions before an eleventh-hour veto by the president.
“We’re comfortable at this level,” Mateusz Morawiecki, who’s also finance minister, said Wednesday in an interview with Bloomberg Television. “If it strengthened below 4 per euro it would be dangerous for exporters, but I’m generally in favor of a stronger zloty.”