WARSAW--Polish rate-setter Andrzej Rzonca said Friday he hopes rate-hike discussions take place before economic imbalances appear in Poland.

In an interview with state news agency PAP, Mr. Rzonca said the economy is nearly perfectly balanced at the moment with robust growth and no inflation pressures, but it won't remain so for too long if monetary policy is too accommodative.

"I would hope for the rate normalization process to begin as soon as possible," Mr. Rzonca said.

Poland's central bank cut the benchmark interest rate by 0.5 percentage point to 1.5% in March and signalled it is unlikely to ease monetary policy further, barring a significant strengthening in the Polish currency.

With the zloty gaining against euro recently, the market has started pricing in more easing later this year. On Friday one euro was worth 4.09 zlotys, around 2% less than 4.17 before the rate council's decision in early March.

Mr. Rzonca, however, said it is a mistake to use monetary policy to achieve currency targets and he feels no pressure to do so.

Newspaper website: biznes.pap.pl

Write to the Warsaw bureau at djnews.warsaw@dowjones.com