NBP President: There is no crisis in Poland
17:49
National Bank of Poland President Adam Glapinski admitted that the Polish economy is heading for a "slowdown in rapid growth," but reassured that Poland is not threatened by the recession, and the threat of a significant increase in unemployment is also low.
"After continuously raising rates for several weeks, we have decided to leave them unchanged," Adam Glapinski stated at the monthly press conference following the Monetary Policy Council's decision on interest rates.
He stipulated, however, that this was only "a halt to the cycle of increases, not its formal end." He also acknowledged that these are "painful decisions for households, but this is how it has to be."
A day earlier, the Monetary Policy Council decided to keep interest rates at their current level of 6.75 percent.
