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Glapiński talks about high prices in the Czech Republic. Economists couldn’t stand it

Glapiński talks about high prices in the Czech Republic.  Economists couldn't stand it

Head of NBP He compared the situation in Poland, where interest rates began to rise in October last year, with the case of the Czech Republic, where the cycle of raising interest rates began a few months ago, in June 2021.

– Well, the Czechs made a decision in June and inflation is currently 12.7 percent, and the key interest rate in the Czech Republic is now 5.75 percent. Both inflation and interest rates in the Czech Republic are higher than in Poland, despite the fact that it began a cycle of raising interest rates several months ago – the head of the Central Bank emphasized.

The rest of the article is below the video

See also: Head of NBP to change? “Takes credibility out of all economic policies”

Economists reacted very harshly to these words. Pekao SA bank analysts wrote on Twitter that – by comparing this data – “However, it is also worth remembering that there was a shield against inflation in Poland, not in the Czech Republic. Otherwise, we would see 15% inflation.”

ING Bank analysts think the same

The head of the NBP explained it now The main causes of inflation are global, such as rising gas, oil, electricity and food prices. He added that the increase in prices was also affected by the increasing consumer demand on the part of refugees from Ukraine.

The head of the NBP expects it Inflation will peak in June and July of this year, Unless other conditions change.

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