Tag: Tavex

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 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...

Gold Prices Hit New Records: Potential Short-Term Correction and Future Drivers

The topic of rising gold prices has definitely dominated recent days. Around midnight, new records were tested, this time at the level of around...

Interest rates unchanged? Economists do not expect surprises

The March Monetary Policy Council meeting regarding interest rates will be the third one this year. Economists unanimously predict that we should not expect...

NBP declares an increase in gold reserves. Is almost 360 tons really not enough?

World Gold Council estimates that all central banks collectively hold 36,700 tons of gold, representing over 17% of the world's total gold. Poland's National...

Poles Love Cash, EU Wants Limits: Clash Ahead?

Poland is a country where cashless payments are highly developed. Despite this, Poles love for cash is only growing stronger. In 2023, as many...

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...

Monetary Policy Council to Maintain Base Rate Unchanged Amidst Cooling Inflation, Potential Fed Rate Cuts

The first two-day session of the Monetary Policy Council for this year is ahead of us, which will take place unusually - on Monday...

2023 in Review: Gold Shines, AI Makes Breakthroughs, and Bitcoin Beats All

Last year was undoubtedly characterized by volatility. There were opportunities for significant gains as well as losses. Many predictions made at the beginning of...

How much gold should Poland have in its reserves? Were the purchases of assets by the National Bank of Poland justified?

Looking back at the surprising gold purchases of the National Bank of Poland (NBP) in the previous year, which from April until now, total...
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