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To keep inflation in check and the zloty strong, the central bank led by Marek Belka (pictured left) raised its benchmark interest rate by 25 basis points -- to 3.75 percent-- the first increase since June 2008.
Consumer prices are escalating in Eastern Europe. Hungary has raised rates twice in two months, increasing its benchmark to 5.75 percent. Inflation is much worse in Serbia which at 12% has one of the highest benchmarks in the world.
FOR MORE:
http://thehypervigilantobserver.blogspot.com/2011/01/serbia-at-12-now-europes-highest.html
ALSO: Opposition leader Jaroslaw Kaczynski is still harping about Russia's report re the cause of the 2010 Smolensk plane crash that killed his twin brother and 95 others. He continues to blame Russia for the tragedy, rejecting the report and calling it one-sided against the Polish pilots. He also accused P.M. Donald Tusk of "political gambling" and said "some people" just don't want the truth.
This back and forth blame game between Jaroslaw and Russia and Jaroslaw and Tusk reminds me of when I would point to my older brother for everything that went wrong, to ward off scoldings and punishment, even when it was my fault. Of course, I was 6-years-old!
http://en.rian.ru/world/20110119/162211594.html
