We are witnessing a great success. I am sorry that this success happened just before the elections, said NBP Chairman Adam Glapiński.
The Monetary Policy Council decided on Wednesday to cut interest rates by 0.25 points. per cent
– Poland has achieved moderate inflation and is very quickly moving towards the so-called inflation. Creeping inflation, which under normal circumstances is not noticed by citizens, unless, for example, it concerns only food – said Adam Glapiński, President of the National Bank of Poland and chairman of the Monetary Policy Council, at a press conference on Thursday. As he emphasized, the inflation target is 2.5%.
Let’s not forget that a few days ago the Central Bureau of Statistics reported that consumer inflation was 8.2%. year-over-year in September, according to preliminary data, up from 10.1 percent. from year to year in August.
Polish economy. “Slight increase”
Adam Glapiński noted that the Polish economy should show “very small, slight growth” this year. – There may be a slight recession, this is not a problem. But a slight increase is expected, he said. At the same time, he stated, among other things, that the economic recovery in Poland would be less dynamic and later than he assumed. National Bank of Poland.
– Pseudo-economists should remember that nothing is lost on the Internet – said Glapiński, referring to the predictions of some experts who questioned the decline in inflation and the role of the National Bank of Poland.
“We are witnessing a great success”
The head of the central bank also called on TVN, Radio Zet, RMF FM, TOK FM and “all media owned by foreign capital” not to “mislead Poland” and “release normal information.”
– We are witnessing a great success. I’m sorry that this success happened just before the elections. Inflation is skyrocketing. And some people just lie 24/7. High inflation is over, has it arrived? – said Adam Glapiński.
Source: Do Rzeczy

Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.