NBP head expects inflation below 7% in October

In an interview with the magazine "Sieci," the President of the National Bank of Poland, Prof. Adam Glapiński, stated that the issue of high inflation is behind us, and the country is expected to see inflation below 7% in October. He mentioned that the decrease in inflation is happening quickly and aligns with their forecasts.

Glapiński also addressed the accumulation of foreign exchange and gold reserves by the NBP, emphasizing that the current value of the lender's foreign exchange reserves is over $180 billion, with nearly 11% consisting of gold reserves, totaling 314 tons. The reserves play a stabilizing role for the Polish currency and economy, recognized by investors, rating agencies, central banks, and governments.

Source: obserwatorfinansowy.pl