Poland's current interest rates not holding back rapid GDP growth, says c.bank governor
Current interest rates are not holding back rapid GDP growth, central bank NBP governor Adam Glapinski told a press conference following the MPC decision-making meeting held on October 7-8.
"In the second quarter, GDP growth rose to 3.4 percent, with consumption growth accelerating strongly. This is very good for our economy. We want the economy to grow as quickly as possible. But this is, of course, a pro-inflationary effect," said Glapinski.
"In the third quarter, annual GDP growth is likely to remain solid. And for 2025 as a whole, GDP growth should be higher than last year. This shows that the current level of interest rates is not a constraint on Poland's ability to achieve rapid economic growth. It is not a brake," he added.
tus/ nl/ han/