WARSAW: The Polish government has financed 73% of its 2015 borrowing needs and is sitting on ca. PLN 58 billion in PLN and FX liquidity cushion, Finance Ministry’s public debt department director Piotr Marczak said on Tuesday.
With comfort in terms of financing, Poland has decided to limit T-bonds issuance in the summer months, Marczak said. That caution is related to “investors’ uncertainty as to the strength of impact of the situation in Greece on the debt and FX markets,” Marczak said. The Polish government expects no major impact in the long term, he added.