“This shows the stability, abundance and solvency of the Polish economy,” says Adam Glapiński.

“This shows the stability, abundance and solvency of the Polish economy,” says Adam Glapiński.
The 50-basis-point cut to 5.25% was in line with market expectations.
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Central bank governor Adam Glapiński is seen as an ally of the former ruling Law and Justice (PiS) party.
Adam Glapiński suggests that, because elections are being held this month, they are trying to hide the “great success” in tackling inflation.
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.
The announcement followed public criticism of the bank by two members of the council recently appointed by the opposition-controlled Senate.
Krzysztof Mularczyk
PiS looks set to make stopping Poland joining the eurozone a central plank of its political platform.
But the language barrier is an issue, with only 5% of Ukrainian refugees declaring that they speak good Polish.
Central bank chief Adam Glapiński says that opposition leader Donald Tusk and one of his deputies have threatened to remove him by force.
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 Glapiński’s actions aimed at limiting the economic effects of the epidemic.”
The August figure of 5.4% is the highest since June 2001.