Tag: NBP

Divergence in Monetary Policies as an Argument for a Stronger Zloty

The volatility in the foreign exchange market during yesterday's ECB decision and the subsequent press conference was limited. The euro gained slightly, but the...

Awaiting the First ECB Rate Cut

This week, Poland's interest rates will be decided by the Monetary Policy Council (RPP). However, our focus is on the upcoming meeting of the...

Central banks are going crazy for gold. The National Bank of Poland sets a record and moves up in the rankings

Central banks are not slowing down and are doubling their demand for gold, setting a new record in the first quarter of 2024. According...

The Polish Luxury Goods Market Surpasses Inflation, Valued at Over 42 Billion PLN in 2023

Despite a decline in the incomes of Poland's wealthiest individuals, the value of the Polish luxury goods market continues to grow. Last year, it...

Core inflation in Poland is declining slower than expected. Bitcoin rebounds

Despite recent successes measured by consumer inflation, there are still some warning signs in Poland. One of them is core inflation, which is currently...

Core Inflation Cools, But Rate Cuts Remain on Hold for Poland

In April, core inflation, excluding food and energy prices, stood at 4.1% year-on-year, compared to 4.6% in March, according to the NBP. A few...

EU Funds Unlock Anticipated Infrastructure Boom for Polish Construction Sector

With the unlocking of EU funds, companies—particularly those in the construction sector—anticipate a significant surge in infrastructure investments this year. However, the availability of...

Polish Zloty Strengthens

Until recently, we were wondering whether the dollar would reach the level of 4 PLN. Today, we are almost 4 groszy below that level....

Trends and Credit Decisions in the Polish Used Car Market in 2024

The analysis of market conditions and consumer sentiment since the beginning of 2024 aligns with the optimistic forecasts of experts. A revival in the...

U.S. Unemployment Claims Dampen Investor Sentiment

"Second-tier" data such as U.S. unemployment claims played the "lead violin" yesterday, partly due to this week's relatively sparse macroeconomic calendar. The unexpected data...

Interest rates in Poland remain unchanged

Interest rates in Poland have remained unchanged, which is another consecutive decision since October to maintain interest rates at the same level. Furthermore, economists'...

NBP Holds Rates Steady at 5.75%, Further Cuts in 2024 Unlikely

The NBP's reference rate remained unchanged at 5.75%. This decision aligns with market consensus, and it was generally not expected to differ. The arguments...

The Monetary Policy Council in Poland Unlikely to Find Reasons for Rate Cuts Soon

Today, we will learn about another decision by the Monetary Policy Council regarding interest rates. Market consensus assumes that the rates will remain unchanged...

Inflation Trends in Poland: RPP’s Response and Global Economic Outlook

April's inflation reading in Poland showed the first increase in the main measure since February 2023, largely attributed to the return of the 5%...
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