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    Central bank governor: GDP growth slowing in 2023

    Poland’s economic growth rate will fall in 2023 to around 3 percent, the National Bank of Poland (NBP) governor said on Friday.

    Adam Glapinski told a press conference the currently high rate of growth would fall due to the actions of the central bank’s Monetary Policy Council, including interest-rate hikes, hampering the economy.

     

    “I think that next year it will stand at up to 3 percent,” the NBP governor said.

     

    He added that slowing economic growth was bad in principle. “Our wealth will grow more slowly then,” he said. “But a drop in the growth rate is the intended result of the NBP because it cuts inflation.”

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