Tag: NBP

No interest rate cuts this year?

According to the predictions of most analysts, the conference of the President of the National Bank of Poland (NBP) turned out to be significant....

Polish Zloty Gains Strength as Rate Cuts Unlikely, Says NBP Governor

The decision by the Monetary Policy Council to keep interest rates at the same level during the February meeting comes as no surprise. Furthermore,...

Polish entrepreneurs approach the government’s economic announcements with optimism

"I have the impression that for now, the new government is more concerned with regaining the state rather than supporting entrepreneurship. However, we are...

Another good day for the dollar

The unexpected streak of the dollar continues. The American economy is showing better quality than the Old Continent, hence the flow of money. In...

RPP Meeting: No Rate Change Expected, Focus on March and Inflation Path

On Tuesday, February 6, the Monetary Policy Council (RPP) is starting a two-day meeting with the decision scheduled to be announced on Wednesday, February...

Inflation Concerns Outweigh Relief Calls: No Rate Cuts in February

Economists agree that there will be no significant cuts to interest rates in February 2024. This implies that consumer and mortgage loan repayments are...

Poland is poised to be the European growth leader in 2024, with a GDP growth forecast of 3.7%

GDP will increase by 3.7% in 2024. In 2025 and 2026 it will fluctuate around 3% Inflation will hit the 2.5% NBP (National...

Central banks hold rates steady, signaling delay in rate cuts

Today, the European Central Bank did not lower interest rates. Similarly, the Federal Reserve (FED) is expected to keep rates unchanged next week. Poland's...

NBP Gold Reserves Growth Paused

For several months last year, we were excited about the periodic gold purchases by the National Bank of Poland (NBP). Purchases that began in...

Polish TSL sector to see a slight reduction in employment in Q1 2024

In the first quarter of 2024, the Polish TSL sector is forecast to see a slight reduction in employment, though no company is planning...

The dollar isn’t so weak – again above 4 PLN

In recent days, the dollar dropped below 4 PLN, only to spring back above this level. Surprisingly, despite expectations of the dollar decreasing this...

Interest rate cuts expected in the second half of the year. RPP to follow ECB’s lead

Discounts are expected, but they are likely to be delayed by a quarter. The European Central Bank (ECB) is likely to wait for decisions...

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...
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