USA-China Tensions Transform Global Market

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

Tag: NBP

Polish government budget for 2024: GDP growth, but deficit and inflation remain high

The government anticipates a considerable increase in GDP of 3 percent. It's a significant acceleration compared to the year 2023 and towards a level...

2/3 of Refugees Residing in Poland are Gainfully Employed

2/3 of refugees residing in Poland are gainfully employed, as shown by the latest report of the National Bank of Poland (NBP) analyzed by...

Inflation Dips, but Rebound Expected Later in the Year. Interest Rate Cuts Possible in 2024

Inflation at the beginning of the year will be lower, but it is expected to bounce back in the following months. There is a...

Uncertainty Over Housing Market in 2024: New Program Could Drive or Suppress Prices

"If the new housing program announced by the government is rationally calibrated, there is a chance that in 2024 the increase in apartment prices...

Polish ZÅ‚oty Remains Strong as Monetary Policy Remains Uncertain

We perceive numerous encoded messages by Glapiński, President of the NBP, as being somehow hawkish – the market increasingly doubts whether monetary policy will...

Polish central bank keeps rates steady, German economy slows, US inflation accelerates

The key event of the week was the meeting of the Polish central bank. As expected, the National Bank of Poland (NBP) left interest...

RPP Hold Rates Steady, Focus on Inflation Uncertainty and Economic Rebound

The lack of interest rate changes at the first meeting of the Monetary Policy Council (RPP) this year was no surprise to anyone. The...

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...

Polish Monetary Policy Council Holds Interest Rates Steady, But May Cut Later This Year

The Monetary Policy Council, as expected, did not decide to change interest rates during its first meeting of the year. This means that the...

Monetary Policy Council to Hold Rates Steady Amidst Fiscal Stimulus, Credit Expansion

The current political and economic situation reaffirms my belief that there will be no changes to interest rates at the upcoming meeting of the...

Fed rate cut in March increasingly unlikely

The Foreign Exchange markets, just like other financial markets, took a 180-degree turn at the start of 2024. Risk assets and commodities are losing...

How much gold should Poland have in its reserves? Were the purchases of assets by the National Bank of Poland justified?

Looking back at the surprising gold purchases of the National Bank of Poland (NBP) in the previous year, which from April until now, total...

Economic Uncertainty Looms for 2024: ZÅ‚oty Expected to Weaken, Euro May Suffer

The passing year has primarily been a period of exceptionally high inflation. Governments, businesses, and consumers not only in Poland but across the globe...

Markets Expect Interest Rate Cuts Despite Central Banks’ Warning

Financial markets favor extremes. In their optimism, they can fall into overly high expectations, as is the case with decisions on lowering interest rates....
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