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Polish Briefing 7 October, 2022 7:30 am   

Polish Briefing: Poland introduces a second degree of threat to energy infrastructure from a terrorist attack | The NBP hopes that the energy crisis will ease

Prof._Adam_Glapinski_Nov_2015

What goes on in Poland on the 7th of October.

Poland introduces a second degree of threat to energy infrastructure from a terrorist attack

The Government Center for Security (RCB) informed that Prime Minister Mateusz Morawiecki signed the ordinance introducing the 2nd BRAVO alert level against Polish energy infrastructure outside the Republic of Poland.

During the second BRAVO alert stage, public administration and the heads of services and institutions competent in matters of security and crisis management are required to be particularly vigilant. It is one of the four alert levels: ALFA, BRAVO, CHARLIE and DELTA.

The second level is introduced in the event of an increased and predictable threat of a terrorist event, but when the specific target of the attack has not been identified.

The NBP hopes that the energy crisis will ease

The National Bank of Poland predicts that the pressure of the energy crisis on inflation will decrease, but leaves room for further interest rate increases.

– Oil prices have already stabilized, gas will somehow stabilize. They are changing dramatically, especially after blowing up Nord Stream 2 – said the president of the National Bank of Poland, Adam Glapiński. – Inflation is a secondary effect of energy shocks, the shock caused by the disruption of supply lines, and the prices of food and raw materials – he added.

In his opinion, the energy crisis will be losing steam, but for now it continues to affect inflation. – We can see it in core inflation as natural gas prices, which are the main component of fertilizer prices, affect the prices of agricultural products – explained the president of the National Bank of Poland.