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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.

Marek Belka

#course #direction #embedded #factors #function

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On 24 June he finally managed to receive enough support in the Sejm – the Lower House of Polish Parliament – winning a vote of confidence by a majority of 235 votes to 215. He failed to receive the required parliamentary support on 14 May but on 11 June he was designated again.

9 January 1952 in Łódź) is a Polish professor of Economics a former Prime Minister and Finance Minister of Poland former Director of the International Monetary Fund's (IMF) European Department and current Head of National Bank of Poland. Marek Marian Belka (Polish pronunciation: [ˈmarɛk ˈbɛlka] ([Image] listen); b.

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