Tag: NBP

NBP kept interest rates unchanged, cuts possible only in the second half of 2025

The Polish National Bank (RPP) held interest rates steady during its first meeting after the summer break. The chances of a cut this year...

RPP Conference without Surprises, Dollar Weakening – Awaiting Data from USA

The Monetary Policy Council conference has reassured us that nothing has changed. We should still not expect interest rate cuts in the coming months....

President Glapiński’s Dovish Rhetoric Weakens the Złoty

As expected, the Monetary Policy Council maintained the interest rates at the same level in September. The attention was focused on the rhetoric of...

Gold Surges Past $2,500 After Jackson Hole Symposium, Signaling Global Economic Shifts

The price of gold has set record highs several times this year. In August, another barrier was broken when it passed $2,500 per ounce....

Sale-Leaseback Real Estate Market Gains Momentum Amid Rising Inflation and Stable Costs

Steadily but not dramatically rising, long-standing inflation is accelerating the development of sale-leaseback real estate transactions. This is one of the safest ways to...

MPC Stalemate: Poland Holds Firm on Rates While Global Economies, Including Chile, Move Towards Cuts

Today another inconclusive meeting of the MPC. After the personal conflict with the government, members of the Council cannot play to the same goal....

Arguments for maintaining interest rates by the Monetary Policy Council prevail

Today, the Monetary Policy Council will make a decision regarding interest rates. Market consensus suggests that the cost of money will remain unchanged, maintaining...

Inflation in the Spotlight

The end of the month traditionally brings preliminary inflation data. While Poland's price dynamics don't significantly influence domestic monetary perspective, inflation readings from the...

Gold’s Prospects for Continued Growth in 2024

In recent years, gold has shown its ability to continue rising and achieve new historic highs, even in an environment of high interest rates....

Poland’s Record-Breaking Budget: Defense, Healthcare, and Economic Growth at the Forefront of 2025 Fiscal Policy

Record Defense and Healthcare Spending, Citizen Benefits, Economic Revival, 3.9% GDP Growth, and Declining Unemployment – Key Directions of Fiscal Policy for Next Year. On...

Gold Prices Hit New Records as the NBP Continues to Buy Substantial Amounts of the Precious Metal

New record gold prices have become the new market norm this year. In 2024, the precious metal has hit an all-time high six times,...

Gold Hits New Record High, Dollar Weakens

Friday brought another capital flight from across the ocean, which was used by the zloty. Gold also gained, setting a new all-time price record. Core...

The Polish economy is growing faster than expected

The final CPI inflation in Poland for July was confirmed at 1.4% month-on-month and 4.2% year-on-year. This marks the fourth consecutive month of acceleration,...

Upcoming EU Cash Payment Restrictions Could Challenge Businesses and Consumers by 2027

Cash payment restrictions were supposed to be introduced in 2023 as part of the Polish Order policy package. However, after facing social...
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