Locked content Inflation should remain close to NBP target – Glapiński

The head of National Bank of Poland (NBP) Adam Glapiński said that inflation forecast indicates that it will remain close to the NBP target of 2.5 percent. Glapiński also stated that the economic outlook for the following quarters is favorable. According to the March outlook, average annual inflatio...

Locked content Interest unchanged possibly through 2020 – NBP head

Interest rates will “almost certainly” remain unchanged by end-2019 and possible also in 2020, said NBP head Adam Glapiński, after the Monetary Policy Council (RPP) decided to maintain current interest rates level yet again at its May sitting. The reference rate has been at 1.5 percent, Lombard rate...

Glapiński: cryptocurrencies make no sense for Polish economy

NBP head Adam Glapiński stated that “introducing [cryptocurrencies (like Bitcoin)], makes no sense for the Polish economy, as they only bring anxiety and provide room for speculation,” and that Poland will follow other European economies: “if they ban cryptocurrencies, so will Poland,” he said in an...

KNF and NBP need to merge – Central Bank head

Poland’s Central Bank (NBP) President Adam Glapiński said in Sejm, that it is necessary to merge the central bank with the Financial Supervision Authority (KNF) in order to create one macro-prudential supervisory body. “Micro-prudential supervision is of particular importance, as the effective funct...

Locked content Polish banking sector ‘exemplary’ – NBP head

Poland’s banking sector stability is exemplary, the situation of the sector is good and FX mortgages do not pose a risk for sector stability, Poland’s Central Bank (NBP) head Adam Glapiński said. “We have a very good banking system and a very high level of professionalism of bank managem...