20:21 15 January 2026
NBP wants to achieve state holdings of 700 tons of gold
Adam Glapiński, President of the Narodowy Bank Polski, announced an ambitious goal to raise Poland’s gold reserves to 700 tonnes, making up 20–30% of total reserves. Speaking after the Rada Polityki Pieniężnej kept interest rates unchanged, he framed gold as a “trust anchor” and a strategic foundation of national resilience amid geopolitical uncertainty. Half of the reserves would be stored domestically, with the rest held in global financial centers for liquidity. Glapiński stressed the move is not a bet against the dollar or euro, but a pro-sovereignty strategy.
Only afterward did he address inflation, noting CPI at 2.4% and signaling cautious, data-dependent rate cuts once trends are confirmed.
