Saturday, November 23, 2024

Dollar on the offensive again

Data from Poland did not impress, but no one expected miracles in the construction market after the expiration of government support. Noteworthy is the dollar, which once again decided...

PMI indicates weakening of the economy and euro

The condition of the European economy is not good. This is confirmed by the...

BCC: Consumer Sentiment Continues to Decline

In November 2024, the Consumer Confidence Index (BWUK) dropped by 1.3 percentage points month-on-month,...

October Inflation in Poland at 4.1%: What It Means for Future Rate Decisions

We have received the final October reading of Polish inflation today. It stands at...

CPI Inflation in the U.S. Approaches Target

CPI inflation in the U.S. reached 2.5% year-over-year in August. The inflation rate has been declining for consecutive months, getting closer to the target....

The European Central Bank Set to Cut Rates Again as Inflation Nears Target, with a Gradual Easing Cycle Ahead

We expect that at the next meeting on September 12, the European Central Bank (EBC) will lower the deposit rate for the second...

BCC warns of excessive deficit risk and calls for budget spending cuts for 2025.

In the justification for the 2025 budget bill, one of the government's main goals is the restoration of parliamentary and societal control over the...

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...

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

The Monetary Policy Council conference has reassured us that nothing has changed. We should still not expect interest rate cuts in the coming months....

President Glapiński’s Dovish Rhetoric Weakens the Złoty

As expected, the Monetary Policy Council maintained the interest rates at the same level in September. The attention was focused on the rhetoric of...

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. On the other hand, their predominance is declining in both...

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 decision was in line with expectations. Tomorrow there will be...

Global Interest Rate Decisions: Poland Holds Steady While U.S. and European Data Miss Expectations

On Wednesday, we'll see three key decisions about interest rates, one of which will directly impact Poland. Yesterday, the U.S. released disappointing industrial data....

MPC Stalemate: Poland Holds Firm on Rates While Global Economies, Including Chile, Move Towards Cuts

Today another inconclusive meeting of the MPC. After the personal conflict with the government, members of the Council cannot play to the same goal....

Polish Economy Accelerates by 3.2% in Q2 2024, Yet Growth Remains Below Potential

Recently published data by the Central Statistical Office (GUS) confirms that the economy accelerated in the second quarter of this year, growing by 3.2%...

Arguments for maintaining interest rates by the Monetary Policy Council prevail

Today, the Monetary Policy Council will make a decision regarding interest rates. Market consensus suggests that the cost of money will remain unchanged, maintaining...

Prices are rising even faster than in July

The month of August brought a further acceleration in the pace of price hikes. Data from the US has allowed the dollar to close...

Low Inflation and Moderate Growth – Are We Entering the “Goldilocks Economy” Phase Again?

After a strong correction in August on Wall Street and other exchanges, there is now no trace. The Japanese Nikkei225, which experienced a particularly...

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