NBP Governor Glapinski is said to be weighing gold sales for defence funding, according to reports
The report on NBP Governor Glapinski considering gold sales to fund defense highlights a potential shift in Poland's fiscal strategy amid geopolitical tensions.
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US Pentagon will deliver a press conference at 16:30 EST (21:30 GMT)
NBP Governor Glapinski is said to be weighing gold sales for defence funding, according to reports
BCB's David says unanchoring of inflation expectations still exits, despite having improved considerably; this requires BCB to operate with a tighter interest rate level than it would if it did not exist
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- Bloomberg reports Glapinski laid out a proposal to generate as much as PLN 48bln or USD 13bln from the sale of gold reserves to finance defense spending as part of a plan backed by Poland's President.
This move could signal increased instability or defense spending in Eastern Europe, which may affect gold prices and safe-haven flows. Watch for potential impacts on the PLN and broader risk sentiment as markets digest this news.
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