Tag: NBP

Real Interest Rate and Political Costs: How the National Bank of Poland Affected Inflation and the Political Situation in Poland

The Consumer Price Index (CPI) inflation in 2023 was 11.5%, therefore an increase in the price of consumer goods and services of 4.9% over...

Inflation in Poland in September 2024 at 4.9% year-on-year – peak forecasted for Q1 2025.

The final inflation reading in September 2024 stood at 4.9 percent year-on-year and was consistent with the preliminary estimate. Current market forecasts indicate that the...

Zloty Weakens Amid Rising Middle East Tensions and Strong U.S. Labor Data, USD Gains Momentum

For the zloty - as with other regional currencies - it was a weak week. Rising tensions in the Middle East have led investors...

Poland on the path to join the top countries with largest gold reserves – we already have 420 tons!

The National Bank of Poland (NBP) continues to ensure the financial stability of the country. According to the President of the NBP, we currently...

We return to the narration of soft-landing in the USA

The latest data from the US labor market turned out to be much better than forecasts, which resulted in a strengthening of the US...

In a few hours, the Polish National Bank’s decision on interest rates – markets predict no changes

In a few hours, we will know the decision of the Monetary Policy Council regarding interest rates. The rates were last changed exactly a...

Chinese Stimulus Boosts Commodity Markets, but Polish Zloty Weakens Amid European Economic Concerns

Last week, markets welcomed news that the Chinese government is launching a new support package to halt the downturn in the real estate market...

Strong US Data Struggles to Lift Dollar

Yesterday's data from the United States proved to be a severe test of patience for investors hoping for a weakening dollar. Initial readings were...

Gold Hits New Records: Price Nears 2700 USD per Ounce

Gold stealthily sets new records, and investors are rubbing their hands! The price of gold, surpassing another threshold, is approaching 2700 USD per ounce,...

ZÅ‚oty Among Strongest CEE Currencies in 2024: Further Gains Expected Against Euro and Dollar

Since the start of the year, the ZÅ‚oty has fared better than other CEE currencies and most emerging market currencies. Since January, it has...

Almost 30 Billion PLN in 8 Years: How the National Bank of Poland Profited from Gold Investments

The National Bank of Poland (NBP) continues to work relentlessly in ensuring the financial stability of the country. Thanks to strategic purchases of gold...

Global Markets Brace for Fed’s First Rate Cut Since 2020: 25 or 50 Basis Points?

The first U.S. interest rate cut since 2020 will be a groundbreaking event for markets worldwide. The crucial question, however, is its magnitude. The...

Cooling in the U.S. Labor Market Raises Investor Concerns

Unquestionable cooling in the American labor market causes concern among investors. The losses of the dollar are limited as the markets are not convinced...

Poland’s National Bank Emerges as a Leading Gold Buyer: Preparing for Uncertain Times or Diversifying Reserves?

Surprisingly, the biggest player in the gold-buying market right now is the National Bank of Poland (NBP). In July, NBP purchased an impressive 14...
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