Tag: NBP

Poland Keeps Interest Rates at 3.75% as Scope for Further Cuts Narrows

Poland’s Monetary Policy Council left rates unchanged. Higher inflation, oil and fuel prices have reduced expectations for another near-term cut.

POLSTR and WIBOR React Differently as Poland Keeps Rates at 3.75%

Poland’s central bank kept its reference rate at 3.75% as the mortgage market begins a structural shift from WIBOR toward POLSTR-based pricing.

RPP, ECB and US Inflation Set Up a Volatile Week for the Zloty

Polish assets face a dense week of central-bank and inflation signals. Markets expect the RPP to hold rates and the ECB to raise them, but communication from policymakers — and Friday’s US CPI report — could matter more than the decisions themselves.

Poland’s inflation rises to 3.4% as fuel prices jump 24.2%

Consumer inflation in Poland increased to 3.4% year on year in August 2026, according to a flash estimate from Statistics Poland. The reading was higher than the market consensus of around 3.1%. Prices rose by 0.4% month on month. Fuel stood out as the strongest contributor, with prices 24.2% higher than a year earlier and 5.2% above July levels. Inflation is now only 0.1 percentage point below the upper limit of the National Bank of Poland’s target range.

Poland’s Central Bank Was the World’s Largest Gold Buyer in Q2 2026

The National Bank of Poland was the world’s largest central bank gold buyer in the second quarter of 2026, according to the latest World...

Homebuyers Return to Poland’s Housing Market, but Banks May Tighten Lending

The rebound seen in June was not a one-off. In July, more than 4,400 new homes were sold across Poland’s seven largest residential markets....

Polish Banks Plan to Tighten Mortgage and Consumer Lending Standards

Banks in Poland are preparing to change the direction of their lending policies. After a quarter in which they eased financing conditions across almost...

Inflation Rebounds in Poland After a Sharp Rise in Fuel Prices

Inflation in Poland accelerated to 3.0% year on year in July 2026, interrupting the downward trend recorded in the previous months. The increase was driven primarily by transport fuels, whose prices rose by 13.9% compared with June, while food prices declined.

Poland’s Inflation Falls to the NBP Target of 2.5% in June 2026

Inflation in Poland stood at 2.5% year on year in June 2026, exactly matching both Statistics Poland’s earlier flash estimate and the inflation target...

Euro Hits Highest Level Since 2024 After NBP Governor Signals Possible Rate Cut

Dovish comments from National Bank of Poland Governor Adam Glapiński have strengthened investor expectations of earlier interest-rate cuts in Poland. Markets have once again...

NBP Cuts Poland’s 2026 GDP Growth Forecast and Raises Inflation Outlook

The National Bank of Poland’s latest projection lowers its GDP growth forecast for 2026 to 3.7% while significantly raising the inflation outlook to 2.9%...

Could Mortgage Payments Fall After the Summer? Glapiński May Propose Another Interest Rate Cut

As expected, Poland’s Monetary Policy Council left interest rates unchanged, with the reference rate remaining at 3.75%. The decision came as no surprise to...

Poland Housing Prices Rise 6% Year on Year in Q1 2026

After three quarters of clear slowdown, housing prices in Poland have started accelerating again. According to the latest nationwide indicator published by Statistics Poland,...

Poland Banking Sector May 2026: Lower Profits, Stronger Lending

In May 2026, Poland’s banking sector earned less than a year earlier, mainly because interest margins continued to narrow following interest-rate cuts. At the...
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