Glapiński claims that interest rates may need to be raised

During a press conference, Glapiński highlighted the risks of prolonged high commodity prices affecting inflation. The National Bank of Poland is prepared to act if inflation risks increase, indicating a shift in the Monetary Policy Council's stance towards a more hawkish approach. While no immediate changes to interest rates are planned, January remains uncertain. Key factors influencing future decisions include global energy market conditions and domestic regulations affecting energy prices. Glapiński also announced that the bank has accumulated 700 tons of gold, solidifying Poland's position among the top ten countries in gold reserves. The reference rate remains at 3.75%.