Adam GlapiÅ„ski has dismissed the accusations against him as “idiotic”.
Adam GlapiÅ„ski has dismissed the accusations against him as “idiotic”.
The incoming coalition has suggested that Adam Glapiński could be put on trial for violating his constitutional obligations.
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The interest rate cut, from 6.75% to 6%, is Poland’s first in three and a half years.
Core inflation, which excludes volatile food and fuel prices, is seen as a more accurate indicator of prices that can be influenced by monetary policy.
Adam Glapiński received the backing of the ruling party but the opposition has questioned whether he is legally entitled to another term.
Inflation in Poland reached 11% in March, up from 8.5% in February and the highest figure since the year 2000.
“The president positively assesses Governor GlapiÅ„ski’s actions aimed at limiting the economic effects of the epidemic.”
The last time a higher figure was recorded was in November 2000.
Poland has recorded the highest or second highest level of inflation among all EU member states in every month since March 2020.
Otherwise certain social groups, such as the elderly and disabled, could face exclusion, warns the bank.
Poland’s banking sector has been hit hard by the pandemic.
Polish financial sector worries despite central bank action and government assurances
The measures aim to help employees, small businesses, health services, banks and public investments.
“Pressures on the labour market have been greatly eased by the influx of immigrants,” says the central bank.