Loosening energy prices could extend the period in which inflation remains above target, the Monetary Policy Council said. “In the Council’s assessment, inflation will remain well above the NBP inflation target in the coming quarters, which will be driven by the effects of the past increase in energy prices, as well as increases in excise […]
Tag: rpp
Deficit in public finances. The Monetary Policy Council issued a statement
The public finance deficit could remain at a level comparable to that of the previous year (relative to GDP) in 2024, the Monetary Policy Council announced. “If we summarize all the changes mentioned above, assuming the implementation of the draft law adopted by the government and maintaining the current legal status regarding the budget protection […]
Good news about inflation. MPC: Probably significant reduction
The dynamics of annual consumer inflation are likely to moderate significantly in the coming months, it was announced after the Monetary Policy Council meeting. The Monetary Policy Council assessed that inflation developments in the coming quarters are subject to uncertainty, including those related to the impact of fiscal and regulatory policies on price processes, as […]
The last decision of the Monetary Policy Council this year. We know what the interest rate is
The Monetary Policy Council decided to leave interest rates unchanged. The key NBP rate (reference rate) is still 5.75%. A Monetary Policy Council meeting took place on December 5 and 6, 2023, during which the Monetary Policy Council set NBP interest rates at the following levels: reference interest rate 5.75 percent on an annual basis; […]
What about interest rates? Analysts draw a scenario
The Monetary Policy Council will leave interest rates unchanged at today’s meeting, PKO Bank Polski analysts say According to them, the discussion about monetary easing could return in March when inflation and GDP projections are released and when the shape of fiscal policy is known. “The focus of attention today will be on the outcome […]
Prof. Krysiak: The Polish economy is performing excellently compared to Europe
According to the European Commission’s forecasts, next year we will grow three times faster than Germany – says Prof. in an interview with DoRzeczy.pl. Zbigniew Krysiak, economist at the Warsaw School of Economics. DoRzeczy.pl: Professor, interest rates remain at the same level after two cuts. The opposition claims that the Monetary Policy Council could change […]
MPC: Interest rate unchanged
The Monetary Policy Council has left the NBP interest rate at the same level as in October. Experts say there is some surprise. The Monetary Policy Council has decided to maintain NBP interest rates at current levels. They are: reference interest rate 5.75%. on an annual basis the Lombard rate is 6.25 percent. on an […]
What now with the interest rate? There is a voice from the MPC
Currently there are no reasons to pursue another interest rate cut, says Przemysław Litwiniuk, member of the Monetary Policy Council. – I am convinced that there are no reasons at this time to pursue another interest rate cut. We will find out in the November projection whether there are reasons to tighten the policy, Litwiniuk […]
Interest rates. The Monetary Policy Council has made a decision
The Monetary Policy Council (MPC) decided to cut interest rates by 0.25 points. percent – the National Bank of Poland announced in a statement. A meeting of the Monetary Policy Council took place on 3 and 4 October. The Monetary Policy Council decided to cut the NBP interest rate by 0.25 points. percent To the […]
Bujak: The Monetary Policy Council has reasons to lower interest rates
The monetary authorities, i.e. the National Bank of Poland and the Monetary Policy Council, must act cautiously. The size of the interest rate cuts should be small at once, and the central bank should look at the effects of its actions, said Piotr Bujak, chief economist at PKO BP bank, in an interview with DoRzeczy.pl. […]