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.”