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Adam Glapiński, President of the National Bank of Poland: the Monetary Policy Council Is Inclined to Further Lower Interest Rates
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Adam Glapiński has been summoned to the District Prosecutor's Office in Warsaw, RMF FM reported. The President of the National Bank of Poland is to testify as a witness in a case concerning the disclosure of information classified as "secret".
We are willing to further reduce interest rates if inflation behaves as we predict, said NBP President Adam Glapiński during a press conference on Thursday.
The path to further interest rate cuts is open. The NBP president indicated at Thursday's conference what this will depend on. In theory, this is not good news from the perspective of banks' financial results, but it does not prevent large increases in the prices of bank shares on the stock exchange.
Interest rates will probably decrease if there is no spike in inflation, but there are currently no visible reasons for this, said Adam Glapiński, President of the National Bank of Poland.
The previous decision in May brought a 50 basis point cut
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