Poland’s GDP growth will likely slow down to slightly less than 2 percent, but no recession is envisaged this year, President of the National Bank of Poland (NBP) Adam Glapiński told a Wednesday press conference.
President of the National Bank of Poland (NBP) Adam Glapiński on Wednesday said Poland was exceptionally well prepared for the current crisis.
The management board of the National Bank of Poland on Monday supported the recommendation of the bank's president, Adam Glapiński, to cut Poland's interest rates in a bid to counter the undesirable economic effects of the coronavirus epidemic.
The governor of the National Bank of Poland (NBP), Adam Glapiński, said on Thursday that there will be no recession in Poland, but admitted that there will be an economic slowdown.
Polish Deputy Finance Minister Leszek Skiba told reporters on Friday that "inflation in Poland in 2020 will likely exceed 2.5 percent envisaged in the budget draft," but underlined that this should not be a cause for concern.
Newly-released pictures show the crates containing 8,000 gold bars being received by an elite police unit before being loaded on to three armoured trucks and taken to secret National Bank vaults in what has been described as being one of the biggest private movements of gold between banks in the world.
Around 100 tonnes of Polish gold has been brought to the country, the National Bank of Poland (NBP) announced on Monday.
Not only have gold reserves risen since 2018 but almost half of Poland's gold will be brought into the country, the National Bank governor said.
Poland's Monetary Policy Council (RPP) left the country's interest rates unchanged on Wednesday.
Poland's financial system has been operating in a stable and safe way. The Financial Stability Committee has been securing this stability, declared Finance Minister Teresa Czerwińska and the governor of the National Bank of Poland, Adam Glapiński, on Monday.