USA-China Tensions Transform Global Market

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

Tag: NBP

National Bank of Poland leads the third quarter in gold purchases according to the WGC. 427 tons of gold in reserves

The National Bank of Poland (NBP) continues to be a major buyer of gold in the third quarter of this year, according to data...

Weak PMI data sink euro, and the zloty faces new challenges

Geopolitical concerns due to tensions between Russia and Ukraine have had an impact on the Polish Zloty for the first time in two years....

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 4.1 percent year-on-year, which is 0.1 percentage point lower than...

Zloty Forecast: USDPLN Scenarios for 2024

The surge of the American dollar has caused the USDPLN pair to reach the peak from mid-April, which was also the highest level this...

Dollar Strength Persists Amid Rising US Inflation and Producer Prices; Poland Maintains 5% Inflation

The strength of the dollar following Donald Trump's victory shows no signs of slowing down. However, this surge shouldn't be attributed solely to changes...

DOM Portal: A Step Towards Transparency in Real Estate? Developers Weigh In on the Proposed Amendment

The proposed amendment to the developer's act foresees the creation of the DOM Portal, aimed at increasing transparency in the property market, specifically in...

Americans, Czechs, and Britons Lower Interest Rates, Polish National Bank Still Without Clear Declarations

The Federal Reserve has met market expectations by lowering interest rates by 0.25%. Similar decisions were made by the Czechs and Brits. In each...

NBP increases gold reserves, anticipating further price increases

October was marked by continued increases in the price of gold. Silver joined the royal bullion rally, reaching a 12-month high, noting a local...

Bank Pekao Achieves Record Net Profit of PLN 1.828 Billion in Q3 2024, Surpassing Strategic Goals

The third quarter was the best in history for Bank Pekao in terms of net profit, which amounted to PLN 1.828 billion. This was...

Demand for gold increases – thanks to the “perfect storm” in the global economy

The price of gold set a new all-time high (ATH) last week at $2790, only to drop after. The fluctuations are linked, among other...

Higher deficit, increase in social and defense spending, energy and environmental reforms

The government announced at the end of October a revision of the national budget for 2024 and a proposed budget revision for 2025. The...

Poland’s Economic Growth Forecast: Leading the EU Amid Inflation and Global Challenges

Economic forecasts for the upcoming years indicate a varied development dynamic across EU countries. According to the EY European Economic Outlook report, Poland's GDP...

“The Trump Effect” still influences financial markets, strengthening the dollar and weakening the zloty

"The Trump trade" continues to guide markets, including the currency market, strengthening the position of the dollar. Along with the falling EUR/USD exchange rate...

Are Consumers on the Verge of Exhaustion? An Analysis of the GUS Retail Sales Report

On Tuesday, October 22, Poland’s Central Statistical Office (GUS) published its report on retail sales. Typically, this reading interests only a narrow group of...
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