“The situation in the world is becoming increasingly anti-inflationary. The rate of economic growth is declining,” Glabinski said.
He emphasized that the MPC was trying to rein in inflation, but at the same time “don’t throw the baby in the bath water”.
– We expect it In Poland, in January, in February we can see an increase in prices Regarding the change in regulated prices, the head of the NBP said.
Inflation is still very high. This is a plateau. He added, “There are highs, and lows, but no sharp spike up all the time.”
according to his assessment From the end of the first quarter of 2023, inflation will start to decline systematically and rapidly. In addition, in his opinion, Poland will be a country with a single-digit inflation rate next year and quite decent economic growth compared to, among others, Europe.
– Contrary to the dissatisfied, all forecasts, including those of international institutions, show that at the end of next year we will reach single-digit inflation, between 6 and 9 percent. – Of course, as long as the conditions do not change, – said the head of the National Bank of Poland.
NBP Chairman: Poland is a rich country
– Poland is a rich country. On the list of countries in the world, Adam Glabinski said, Poland is a rich country.
– I will say something that annoys politicians in a certain part of the political scene (…). Poland is on a fast track to becoming a very rich country. The current slowdown does not change the fact that in the next decade The average per capita GDP, measured by purchasing power, in Poland may reach the level of France He evaluated.
Wednesday The Monetary Policy Board did not raise interest rates for the third time in a row. The reference rate for the Polish National Bank is 6.75%. This level will be valid for at least a month. The next MPC meeting is scheduled for January 3-4.
Inflation in Poland is still high, although in November it fell for the first time in several months – to 17.4 percent. On an annual basis of 17.9 percent. In October, according to the Central Bureau of Statistics in a preliminary reading.
Let’s remember that the inflation target for NBP is 2.5%. with a deviation of 1 percentage point.
The article is being updated.
See also: Economists bluntly say that the MPC is making a mistake by not raising interest rates
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