USA-China Tensions Transform Global Market

After the U.S. elections, relations between the...

Polish Economy in 2024: What to Expect in 2025

After a rebound in 2024, Poland's economy is expected to grow even faster in the following year. This growth will be driven by strong consumption and investments but limited...

Fed’s Third Consecutive Rate Cut Fails to Calm Markets as Uncertainty Grows

The decision by the U.S. Federal Reserve to cut interest rates for the third...

Economists Lower Poland’s GDP Growth Forecast: Rapidly Rising Public Debt Among the Major Risks

It is no longer high inflation, but public debt rapidly approaching the constitutional limit...

Mastercard Outlook 2025: Economic Growth Acceleration and Inflation Stabilization

According to the latest Mastercard Economic Outlook report, the global economy is expected to...

Poland Will Catch Up to Germany in Terms of GDP Per Capita by 2036

After 1989, Poland embarked on a path of economic growth that, except for the...

Europe Balances Between Weak Manufacturing and Strong Services; Core Inflation in Poland Delays Rate Cuts

Economic sentiment indices in Europe continue to show mixed results, with the service sector offering some optimism. Across the Atlantic, the U.S. manufacturing PMI...

France Faces Major Economic and Political Crisis

France is grappling with a severe economic and political crisis, which came to light after Moody’s downgraded the country’s credit rating from Aa2 to...

L. Kotecki (RPP): Discussions on interest rate cuts may begin in March 2025. The first cuts should be cautious

Inflation, while still above the acceptable deviation range from the inflation target, appears to be under control. The question mark lies over the level...

Poland’s Inflation Declines Slower Than Forecasted

The final readings for Poland’s CPI inflation for November have been released, showing higher results than anticipated for both monthly and yearly scales. The...

The European Central Bank Faces Pressure to Loosen Monetary Policy Amid Economic Weakness

The European Central Bank (ECB) is currently facing a challenging task of adjusting its monetary policy to the weakening economic conditions in the eurozone...

Poland’s 2024 Budget Revision and 2025 Deficit Forecast: Challenges and Opportunities

In late October, the Polish government announced a revision of the state budget for 2024 and an updated budget proposal for 2025. The key...

The SNB and ECB on a Path of Policy Easing – Inflation and Economic Growth Dictate the Pace of Rate Cuts

In the coming months, further easing of monetary policy can be expected from both the Swiss National Bank (SNB) and the European Central Bank...

ECB Decision: Rate Cut Likely, but the Market Fears a Larger Move

We expect the Governing Council to cut rates by 25 basis points on Thursday, but a larger move cannot be entirely ruled out. If...

Unemployment in Poland Will Remain at a Low Level

The unemployment rate reported by the Central Statistical Office (GUS) – this refers to registered unemployment, which is calculated based on data from Labor...

Divisions Within Poland’s Monetary Policy Council: Glapiński’s Hawkish Stance Faces Growing Support for Rate Cuts

Last week, the Polish Monetary Policy Council (RPP) once again decided not to change interest rates. At a press conference on Thursday, Adam Glapiński...

NBP Keeps Interest Rates Unchanged but Surprises with Shift in Rate Cut Plans to 2026

According to expectations, the National Bank of Poland (NBP) has kept interest rates unchanged for the 13th consecutive time. The main interest rate remains...

Inflation in the Eurozone Rose to 2.3%. Higher Inflation Levels May Signal Caution in Interest Rate Cuts

The CPI inflation in the Eurozone in November increased to 2.3% year-on-year, thus slightly moving away from the inflation target of 2%. In the...

November CPI Inflation Falls to 4.6% YOY: Interest Rate Cuts Possible by Spring 2025

Preliminary estimates of the November CPI inflation have been announced as 4.6 percent year on year (YOY), indicating a decrease from the level of...

EUR/USD in reverse. Weaker data and lack of support for the euro.

Thanksgiving is a day when Americans switch off the stock market charts. The absence of US investors was supposed to be an opportunity for...

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