Adam Glapiński, President of the National Bank of Poland (NBP), announced that Polish gold reserves are secure and properly stored, following his personal verification at a New York vault.
Poland's ruling coalition is reportedly planning a new motion to bring Adam Glapiński, the head of the National Bank of Poland (NBP), before the State Tribunal for his support of the presidential project.
Experts are criticizing a proposal by the Polish President and the head of the National Bank of Poland (NBP) that would allow them to decide how NBP profits are spent. Economists argue this is unconstitutional, as fiscal policy is the government's domain, and they list numerous other objections.
The National Bank of Poland (NBP) projects inflation to remain within its target until at least the end of 2028, partly due to rapid growth in cheap imports from China, while forecasting solid economic growth of nearly 4% this year and around 3% in the following two years.
Professor Wojtyna discusses the potential cost of a quiet agreement between the government, the National Bank of Poland (NBP), and the president, suggesting that foregoing impeachment of the NBP president would mean losing an opportunity to correct institutional weaknesses crucial for national security.
The National Bank of Poland (NBP) announced an unrealized profit of 169 billion PLN from its 580 tons of gold reserves as of April 9, detailing how the gold is stored.
A recent poll reveals that less than half of Poles believe in the independence and apolitical nature of the National Bank of Poland (NBP) under its current head, Adam Glapiński, with experts noting political involvement can lead to higher inflation and monetary policy costs.
The National Bank of Poland (NBP) should not realize profits from the increase in the value of gold reserves to support Poland's defense efforts, according to most participants in the "Rzeczpospolita" Economists' Panel.
The National Bank of Poland (NBP) has not reported a profit since 2021 and is expected to record further losses this year, with total cumulative losses estimated in the tens of billions.
Adam Glapiński, President of the National Bank of Poland (NBP), stated that the risk of a strong increase in inflation is very limited, noting that while current shocks may slightly raise inflation, they could also curb economic growth, justifying unchanged interest rates.
The Supreme Audit Office (NIK) has initiated an unprecedented comprehensive audit of the National Bank of Poland (NBP), led by Adam Glapiński, to examine its entire financial management, including its annual budget and external contracts, with reports mentioning 'creative approaches to gold reserves' and the audit potentially lasting a year.
A presidential bill, the Polish Defense Investment Fund Act, has been submitted to the Sejm, proposing to redirect profits from the National Bank of Poland (NBP) from the state budget to defense spending, replacing the European SAFE program.