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Marek Belka

Poland: Key Rate Kept on Hold

The Monetary Policy Council of Poland has kept the key interest rate on hold since it ended easening in July last year.

April 10, 2014

Poland: NBP Posts No Profits

In 2013 the Polish National Bank (NBP) posted no profit.

April 10, 2014

Poland: No Danger of Deflation

According to Marek Belka, governor of the National Bank of Poland (NBP), there is not threat of deflation.

April 7, 2014

Poland: Economy Proves Immune to Ukrainian Crisis

According to Governor of the Polish National Bank (NBP) Marek Belka, the Polish economy has so far proved stable and almost remained unaffected by the political crisis in Ukraine.

March 26, 2014

Poland: Key Rates to Remain Unchanged until 2015

In an interview with Bloomberg Businessweek magazine, Marek Belka, Governor of the National Bank of Poland (NBP), announced that interest rates will remain unchanced until the end of this year.

March 18, 2014

Belka: Poland Should Not Haste into Eurozone

Marek Belka, Governor of the National Bank of Poland (NBP), said that the country did not have to haste to become a member of the European single currency union.

March 17, 2014

Polish Currency Still Affected by Ukrainian Crisis

The Polish Zloty continues to be unstable in the light of the political crisis in Crimea.

March 10, 2014

Poland Reconsiders Joining Eurozone

The current political crisis in Ukraine is also causing turmoil at the Polish financial markets letting the national currency drop significantly against the Euro.

March 5, 2014

Standard & Poor´s Underlines Poland´s Economic Robustness

The U.S. rating agency S&P keeps Poland´s sovereign debt rating unchanged. The outlook remains stable.

February 7, 2014

Poland: Interest Rate Remains Unchanged

The National Bank of Poland (NBP) has kept the reference rate stable at 2.50%. As the zloty has begun to weaken, the pressure on NBP is growing.

February 6, 2014 · Updated: February 6, 2014; 10:24

Poland: Key Interest Rate to Remain Unchanged

As expected, the key interest rate will not be changed. According to Marek Belka, governor of the Polish National Bank (NBP), there was no need in monetary interventions.

January 9, 2014

Belka: Recovery Will Be Longer

According to Marek Belka, governor of the National Bank of Poland (NBP), the country’s economy sees a continuing and persistent recovery.

December 5, 2013

Poland: Key Rate to Remain Low

In order to support the positive growth trend, the Polish National Bank (NBP) will keep the key rate flat next year. Poland´s economic growth is mainly based on foreign demand, though.

October 24, 2013

Polish Central Bank Holds Interest Rate Flat

Poland´s economy begins to recover. NBP leaves the base rate at 2.5%.

September 5, 2013

Poland: Economy Begins to Accelerate

In the third quarter of 2013, Poland´s economy will grow by 1.0% year on year.

August 31, 2013

Poland: Slow, but Steady Progress

Poland´s National Bank anticipates a longer term of interest rate stabilization. The economic trend reversal will come in the third quarter, rate setter Andrzej Bratkowski stated.

August 2, 2013

Poland: Dispute Between NBP and Finance Ministry

Finance Minister Jacek Rostowski and Governor of Polish National Bank Marek Belka are blaming each other for the poor performance of Poland´s economy.

July 23, 2013

NBP Wants Government to Adapt Budget

After the Polish government has announced to postpone its austerity plans, the National Bank of Poland calls the government to submit an updated fiscal outlook.

July 19, 2013

Poland Tries to Manage Fiscal Balancing Act

On the one hand, Poland´s government wants to keep an eye on the Maastricht Criteria. On the other hand, the economic growth would shrink even more without a fiscal stimulus.

July 18, 2013

Poland: Economic Upswing not before 2014

Poland´s National Bank NBP expects that the country´s economic performance will not improve visibly this year.

July 16, 2013

Poland: Last Cut in Interest Rate In 2013

Base rate down to new all-time low.

July 4, 2013

Moody’s: Rate Cuts Credit-Negative for Polish Banks

The recently passed cut in interest rates by Poland’s Monetary Policy Council has a negative effect on credits for Polish banks, rating agency Moody’s announced.

June 11, 2013

Poland: Sale of Foreign Currencies to Stabilize Zloty

After lowest rate in one year, the Polish government had to take actions.

June 10, 2013

Poland: Tusk Appears Optimistic On 2013 Budget

Prime Minister, Donald Tusk remains hopeful on fulfilling the 2013 budget criteria, despite of a disadvantageous macro economical outlook.

March 18, 2013

Poland: NBP Cuts Interest Rate to Record Low

The council of fiscal policy has cut interests rate down to 3.25 % which is the lowest since Poland’s democratic turnaround in 1989.

March 6, 2013

Belka and Rostowski “Time to Move Up a Gear”

Governor of NBP (National Bank of Poland) Marek Belka and Poland´s Minister of Finance Jacek Rostowski want to accelerate Poland´s approach to the Eurozone.

March 4, 2013

Poland: Economy Seems to Recover Again

Marek Belka, head of NBP, assumes that the worst part for Poland’s economy might be over.

February 26, 2013

Poland to Fulfill Convergence Criteria Gradually

Governor of NBP (National Bank of Poland) Marek Belka argues that the country will not meet all the Maastricht Criteria simultaneously.

January 31, 2013

Rostowski Calls for Further Interest Cuts

Polish minister of finance Jacek Rostowski wants NBP (Polish National Bank) to lower the base rate further.

January 21, 2013

NBP Expects Further Slowdown

Poland´s National Bank (NBP) forecasts an economic growth rate of 1.5% in 2013.

January 14, 2013

Rostowski Wants Further Interest Cuts

Poland´s Minister of Finance calls NBP (Polish National Bank) to continue the expansive monetary policy

January 11, 2013

Belka: “We are at the Bottom of the Crisis”

Governor of NBP (Polish National Bank) Marek Belka expects a soon economic recovery.

January 10, 2013

Poland: NBP Cuts Interest Rate Again

Poland´s National Bank has decided to lower the base rate for the third time in a row.

January 10, 2013

NBP Plans Further Interest Rate Cuts

Further interest cuts are likely, NBP´s governor Marek Belka told FT in an interview.

January 8, 2013

Rostowski Initiates Debate on Eurozone Accession

Poland´s Minister of Finance Jacek Rostowski wants to define a criteria catalogue for Poland in order to create the accession “safe and advantageous”.

January 7, 2013

Polish National Bank Criticized

Poland´s Minister of Finance Jacek Rostowski thinks that NBP (National Bank of Poland) does not cut interest rates quickly enough.

December 11, 2012

Belka: “Poland Is Free of Economic Imbalances”

The governor of the Polish National Bank (NBP) admits that the economic slowdown is substantial, but no fundamental problem.

December 6, 2012

Belka: Polish Economy Will Recover In 2013

The governor of the Polish National Bank (NBP) Marek Belka demonstrates optimism.

November 17, 2012

NBP: Further Interest Cuts Likely

The Polish National Bank may reduce the base rate further. Poland´s economy is expected to slow down next year.

November 15, 2012

CESEE: Massive Capital Outflow

In the second half of 2011 and in the first half of 2012, foreign banks withdrew about € 55bn from the region.

November 14, 2012

Polish National Bank Cuts Interest Rate

In order to support economic growth, NBP decided to ease its monetary policy.

November 8, 2012

Poland: Calls for Interest Cut Become Louder

The Polish economic growth flattens. NBP´s council member Andrzej Rzonca wants the interest rate to be cut.

October 25, 2012

Tusk: Joining Banking Union Only if it Does not Weaken Poland

The Polish Prime Minister does not exclude to enter the banking union. However, this measure must not weaken Poland´s position.

October 22, 2012

Poland Favors Banking Union, Czech Republic is Skeptical

The governor of the Polish National Bank Marek Belka calls for joining the banking union. The Czech Republic may use the right to give a veto.

October 20, 2012

Poland´s National Bank Holds Interest Rate

After analysts expected that the Polish NBP cut the interest rate, the decision to hold the rate at 4.75% came as a surprise.

October 4, 2012

Poland: Interest Cut Expected

The Polish National Bank NBP is anticipated to announce a cut in the base rate. At the moment, the base rate stands at 4.75%.

October 2, 2012

Poland: Joining Eurozone After Crisis

For the governor of the National Bank of Poland Marek Belka, entering the Eurozone is conceivable as soon as the Eurozone has recovered.

September 25, 2012