Saturday, September 7, 2024

Deloitte: Poland enters the phase of economic expansion

The divergence of economic moods in Poland...

Two Years On: War in Ukraine and Its Global Impact

On February 24, 2022, a full-scale Russian...

NBP kept interest rates unchanged, cuts possible only in the second half of 2025

The Polish National Bank (RPP) held interest rates steady during its first meeting after the summer break. The chances of a cut this year are essentially zero. The market...

RPP Conference without Surprises, Dollar Weakening – Awaiting Data from USA

The Monetary Policy Council conference has reassured us that nothing has changed. We should...

President Glapiński’s Dovish Rhetoric Weakens the Złoty

As expected, the Monetary Policy Council maintained the interest rates at the same level...

Polish GDP growth in the second quarter: Consumption drives the economy, but challenges remain

The data from the confidence indices indicate that pessimistic views still dominate among managers....

MPC maintains interest rates, and market attention focuses on Adam GlapiÅ„ski’s conference tomorrow

The Monetary Policy Council (RPP) has maintained interest rates at the current level. The...

July inflation surge hits bank deposit holders

In July, inflation in Poland rose to 4.2 percent. This not only puts pressure on a rise in prices but also poses a problem...

Weak German Economy and Expectations for Fed Moves

The German economy continues to show weak readings. There is a slight improvement, but this is due mainly to the point of reference. Across...

Unemployment Rate Rises to 5% Amid Decrease in Employment

Unemployment increased by 4.2 thousand people, bringing the unemployment rate back to 5%. However, it was not the rise in the number of unemployed...

Municipalities Demand Changes to Finance Bill

Eight organizations representing various levels of territorial self-government units (JST) have proposed changes to the draft of the new law on local government revenues,...

US Economy Takes a Serious Blow. Geopolitical Tensions Heat Up Markets

The past week has seen an increase in geopolitical tensions, which finally had an impact on crude oil, neutralizing the most recent series of...

Bank of England and Czech National Bank cut interest rates

On Thursday, both the Bank of England and the Czech National Bank decided to cut interest rates. This decision was expected, but looking at...

Business appeals to the government to establish an economic decision-making center

Poland needs a strong decision-making center for its economic policy. On the one hand, there is a need to regulate migration issues - there...

Americans spend more, oil becomes cheaper, and unemployment in Spain falls

Data about American expenditure might be worrisome, but markets are interested in expenditure growth, not in balancing budgets. Brent oil is once again testing...

German Economy Shrinks Again in Q2, Growth Prospects Remain Uncertain

According to the first estimate, the German economy shrank again in the second quarter. The Q2 GDP reading was -0.1 percent. In the first...

Polish Inflation Soars Above 4%, Interest Rate Cuts Pushed Back to 2025

According to preliminary estimates, the CPI inflation rate in July was 4.2 percent year on year. The month before, the rate was 2.6 percent....

Mixed European Data, Strong US Confidence Boost Dollar

Yesterday's data package from Europe shows that the absence of negative surprises is mainly due to low expectations. However, across the ocean, the results...

Eurozone Inflation Stays Near Target, ECB Rate Cuts Remain on Track

The CPI inflation in the Eurozone for June was 2.5% year-on-year, in line with market consensus. Core inflation remained at 2.9% year-on-year, slightly higher...

Inflation in Poland Rises to 2.6% in June

Inflation in June, according to a preliminary reading by GUS, stood at 2.6%. This is an increase of 0.1 percentage points compared to May...

Local Governments Gain Access to EU Funds and Loans for Green Transformation Projects

The first group of young engineers from Poland has started a two-year internship at the European Space Agency (ESA) centers in the Netherlands, Spain,...

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