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High prices and inflation. Pekao President Leszek Skiba: Inflation hits those countries where the economic situation is good

„Polska jest pod wpływem kursu walutowego i dobrej koniunktury” (fot. Shutterstock/PrzemoN)

Bicao President Leszyk Skipa said on Sunday on Radio Gidinka that inflation hits those countries where the economic situation is good. He added that the weakening of the zloty also had a negative impact on inflation in Poland.

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When asked why in Poland inflation Many Above the EU average, President Pekao . Bank He pointed out that this was due to many factors. – Poland is under the influence of the exchange rate and good economic situation, which poses a challenge to the economy. He said that inflation hits those countries that have a good economic climate.

The richer you get, the higher the price of services

As he explained, as a rule, poorer countries are characterized by a low level of prices for services. – Therefore, the process of getting richer in countries like Poland means that these prices are rising faster than in countries where they are already high. Therefore, under normal conditions, inflation in Poland should be higher on average than in richer countries – he stressed. He added that this is also an argument against Poland’s non-accession Euro-zoneBecause the interest rate is determined by European Central Bank It would be too low for us.

The influence of the eurocrats

– However, we have an emergency in Poland – added the head of Pekao Bank. As he explained, in addition to all the pro-inflationary factors that appear in Europe and the world, we also have a phenomenon that contributes to the weakening of the currency, for example a discussion about KPO, tensions in relations with European Commission. – This includes causes a weak zloty, and a weak zloty means that we have to pay more for products imported from abroad at a weak zloty exchange rate, which is responsible for higher inflation than in other countries – he explained.

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Very low unemployment

According to Skiba, an additional ingredient pro-inflation to me Situation in the labor market. Poland has a lot low unemploymentIn the wake of the pandemic, she said, the demand for workers is clear, with ever higher salaries being offered. In his assessment, this is the component of good inflation, as opposed to the component of the exchange rate.

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#inflation


# The unemployment


# Prices of services


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#exchange rate


# Head of the Peco Bank


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