Tag: Bartosz Wałecki

ECB Holds Steady on Rates

The European Central Bank (EBC) has left interest rates at their current level. The EBC has maintained these high rates for several months now....

NBP Reference Rate Remains Unchanged

The National Bank of Poland's reference rate remained unchanged at 5.75 percent. This decision aligns with market consensus and no one really expected a...

Inflation in the Eurozone falls, but it is still above the ECB target

CPI inflation in the Eurozone in February was 2.6% year on year (y/y) compared to 2.8% the previous month. The reading was slightly higher...

PMI for Polish industry has risen to 47.9 points

The PMI index for the industry in Poland in February was 47.9 points compared to 47.1 points in January. The market consensus stood at...

Eurozone Industry Weakens Further but Services Soar, Avoiding Recession Threat

In February, the PMI for the Eurozone industry was at 46.1, down from 46.6 the previous month. The reading turned out to be worse...

Enterprise Sector Sees Surprising 12.8% Wage Growth in January 2024

The average salary in the enterprise sector in January 2024 increased by 12.8 percent year on year. The consensus among economists was 10.9 percent....

Eurozone Retail Sales Slide Despite Easing Inflation

Retail sales in the eurozone fell by 0.8% year on year. Month on month, sales also fell by 1.1%. The average annual level of...

Fed in better shape than ECB, but waits for inflation to stabilize

As expected, the Federal Funds Rate remained unchanged. However, Jerome Powell's press conference was more significant than the decision itself. The chairman has not...

Eurozone manufacturing PMI rebounds in January

The Purchasing Managers' Index (PMI) for the industry in January in the Eurozone was 46.6 points compared to 44.4 points a month earlier. This...

US Retail Sales Rebound in December, Beating Expectations

Retail sales (uncorrected for inflation) in the USA increased by 0.6 percent m/m in December. The previous month's growth was 0.3 percent. The figure...

Interest rates in Poland remain unchanged

The Monetary Policy Council (RPP) has decided to keep the interest rates of the National Bank of Poland (NBP) at the same level. Such...

Eurozone Inflation Stalls, Core Inflation Continues to Decline

The Eurozone's CPI inflation in December amounted to 2.9% year-on-year, compared to 2.4% in the previous month. The reading turned out to be slightly...

December CPI Inflation Rate Falls Slightly, But RPP Awaits Further Slowdown

The CPI inflation rate in December was 6.1% annually. The result was lower than the market consensus (6.5%) and lower than the previous month...

German Inflation Edges Up in December, but Core Inflation Remains Below ECB Target

In Germany, the CPI inflation was 3.7 percent y/y in December compared to 3.2 percent in the previous month. The reading was consistent with...
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