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NBP National Bank of Poland

Polish Banking Sector: “Too Early for Recovery”

The Polish banking sector has to be patient for economic recovery to show on their results.

April 29, 2014

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: NBP to Stabilize FX Reserves

The Supreme Audit Chamber NIK in Poland called upon the National Bank in Poland (NBP) not to increase in foreign-exchange (FX) reserves but stabilize its level.

April 3, 2014

Poland to Fulfill EU Commission’s Regulations

According to Polish Finance Minister Mateusz Szczurek, Poland will have no difficulties fullfilling the standards set by the European Commission with regard to the budget deficit.

March 27, 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: Number of Real Estate Loans Drops

The portfolio of real estate loans of Polish households declined in February, according to a report by the National Bank of Poland (NBP).

March 25, 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

Poland: “Time for Belt-Tightening”

Poland is required to cut the deficit in the public finance sector.

March 13, 2014

Poland: Changes in Monetary Policy to Come Gradually

Polish macroeconomic conditions support a stabilization of monetary policy, according to Anna Zielinska-Glebocka, member of the Monetary Policy Council.

March 12, 2014

Poland: Economic Growth to Accelerate

According to the latest estimates of the Polish National Bank (NBP), the annual economic recovery could accelerate to 3.7 percent in the period from 2014 to 2016.

March 11, 2014

Poland: Share of Impaired Loans Increasing

The number of impaired loans in the non-financial sector keeps on increasing.

March 10, 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

Poland: Fastest Growing Economy in EU

According to the EU Commission, Poland will see the fastest growth in 2014 among the largest former communist countries of the European Union.

February 26, 2014

Poland: Strong Prospects for High Growth

Prime Minister Donald Tusk is positive Poland will achive a GDP growth of more than three percent this year.

February 18, 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

Tusk: No Monetary Interventions Necessary

In the past few months, the Polish zloty fell significantly. However, Poland´s Prime Minister Donald Tusk thinks that the zloty does not need support.

February 3, 2014

Poland: NBP Sees No Reason for Weakening Zloty

According to Eugeniusz Gatnar, board manager of the National Bank of Poland (NBP), there was no fundamental reason for monetary intervention.

January 30, 2014

S&P: Polish Banks to Remain “Strongly Profitable”

In 2014’s outlook on Polish banks rating agency Standard&Poor; announced that Polish banks are expected to benefit from an ongoing economic recovery and remain “strongly profitable”.

January 15, 2014

Poland: Finance Minister Optimistic About Growth

According to Finance Minister Mateusz Szczurek, economic growth in Poland could exceed three percent year-on-year in 2015.

January 10, 2014

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

World Bank Increases Economic Growth Forecast for Poland

The World Bank has increased economic growth in 2013 from 1.0 percent to 1.5 percent.

December 19, 2013

Poland: Budget Deficit Expected to Fall

In view of the accelerating economy, Poland´s fiscal shortfall will be smaller than initially projected, the rating agency Fitch states.

December 13, 2013

Poland: Interest Rate to Remain at Record Low

In the first half of 2014, the National Bank of Poland (NBP) will not alter the reference rate, economists say.

December 10, 2013

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: Benchmark Rate Remains Unchanged

The Polish National Bank (NBP) holds the reference rate at its record low of 2.5%.

December 4, 2013

Polish Economic Growth Boosted by Exports

Due to the growing exports, Poland´s GDP accelerated in the third quarter.

November 29, 2013

Poland: IMF Corrects Growth Forecast Upward

Growth forecasts for next year were increased by 0.3 percent by IMF.

November 25, 2013

Poland´s National Bank Holds Interest Rate Flat

In order to boost economic growth, the Polish Monetary Policy Council has left the interest rate unchanged.

November 6, 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

Poland: Inflation Remains Stable

Inflation net of food and energy prices amounted to 1.3% y/y, representing a 0.1 pp decrease on the figure recorded in the two previous months.

October 17, 2013

Poland: NBP Holds Interest Rate Flat

In order to support Poland´s economy, the Council of Polish National Bank has decided to keep the base rate at its historic low.

October 3, 2013

Poland: Budget for 2014 Realistic

According to Witold Kozinski, Deputy Govenor of the National Bank of Poland (NBP), the budget plan for 2014 is “realistic” and the risk of amendmends to the budget minimal.

September 23, 2013

NBP: First Signs of Recovery

According to the National Bank of Poland (NBP) there are first signs of recovery in the corporate sector.

September 20, 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

Fitch Cuts Outlook for Poland

Due to the change in Poland´s fiscal policy, the U.S. rating agency lowers the rating outlook for Poland from „positive“ to „stable“.

August 25, 2013

Poland´s Economic Growth Accelerates

In the second quarter of 2013, the annual growth rate came at 0.8%. Due to combined monetary and fiscal measures, the outlook is positive.

August 17, 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: First Signs of Recovery from Crisis

Deputy Finance Minister Janusz Cichon expressed his optimism about the country’s soon economic recovery via Twitter by referring to Poland’s industrial performance and retail sales in the last month.

July 25, 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: Banking Sector Faces Downward Trend

According the Poland´s National Bank NBP, the profitability of the Polish banking sector is expected to decline further.

July 17, 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: NBP Downgrades Forecasts for GDP and CPI

The National Bank of Poland (NBP) downgrades GDP and CPI forecasts over next two years.

July 9, 2013