Poland's current interest rate level does not stifle economic growth and investments, says c. bank governor
Poland's current interest rate level is not a significant bareer to economic growth and investments, Poland's central bank NBP governor Adam Glapinski told Thursday's press conference following the MPC decision-making meeting held on Wednesday.
"Company surveys carried out by Poland's central bank NBP show that the biggest barriers to growth for companies are rising or excessively high prices for supplies, including energy, and above all high wage costs," Glapinski said.
"Hence, in order to support the development of the Polish economy, to increase investment, we must first of all lower inflation, not interest rates," he added.
According to the NBP governor, the issue of allocating EU funds is key for investments, and the current level of interest rates in real terms in Poland is low.
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