Adam Glapiński briefed after the Monetary Policy Council meetingthat the authority had decided to maintain interest rates at the current level, and explained the reasons for this decision. President NAP he argued that the economic situation is deteriorating and the rate of economic growth is declining in many Western countries. Glapiński pointed out that “in many countries the situation is heading towards recession”, but in Poland a recession is not expected, but “it may happen that we go down to a growth rate close to zero”. “The situation in the world is slowly deflating,” he said.
Adam Glapiński: There is no crisis in the economic sense
– Colloquially, journalists and politicians use the expression that there is a crisis, but this is using the language of everyday life. There’s a crisis because it’s high inflationbut there is no crisis in the economic sense. Our GDP is growing, the economy is growing, there is no unemployment, there are no bankruptcies. (…) Unlike various types of pessimists who appear in the public space, and unfortunately we live in a very long pre-election period, economists, publicists and economic journalists should be able to distinguish between data and political rhetoric, said Glapiński.
“Within a decade, Poland’s GDP could reach the level of France”
The president of the National Bank of Poland argued at the conference that inflation in post-communist countries is high because the growth rate is high. – We have been advocating for many years not to be a rich country in various classifications, as we move from a country that can ask for certain funds to a country that provides those funds. We are, what Poles may take with a chuckle and surprise, classed as a wealthy country. We are a rich country on the list of countries in the world, he said.
– While I am talking about it, I will say something again that annoys politicians from a certain part of the political scene, radio stations and television channels – the media from a certain political scene, but prevailing and have 80% of the votes. media in Poland. Poland is on the way to becoming a really very rich country (…). Over the next decade, the average GDP per capita in Poland, measured by purchasing power, could reach the level of France, Glapiński said, adding that France is “one of the richest countries in the world and a world power”. The NBP president called for “looking positively at the year ahead and the years after”.
NBP President: I’m going to invite you for champagne…
Glapiński assured that “we are finally on an inflation plateau”. – Of course, no one at the National Bank of Poland drinks champagne as we have already done so. Do not drink in the workplace, but outside I think I will invite the management of the Bank, all the administrators and the management board in March-April, if inflation turns out to be lower sustainably, said the President of the National Bank of Poland.
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