Global Economy
NBP Govenor Glapinski says the Bank has 672 tonnes of gold; forecasts indicate that inflation could return to the target range in October
StockNow breaking-news AI analysis
The October 8 item reports NBP gold holdings, a conditional October inflation outlook, possible economic softening and the MPC’s stated readiness to act, while not expecting a November rate rise.
News detail
Must be cautious that high fuel prices do not affect the whole economy. Q3 GDP growth may slow slightly. September core inflation may have fallen. If risks to inflation rise, the MPC is ready to act. Could raise rates in November but do not expect to do this. If second round effects appear, MPC is ready to act. Nothing shows there are second round effects and there is no need to worry.
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