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NBP National Bank of Poland

Poland: Last Cut in Interest Rate In 2013

Base rate down to new all-time low.

July 4, 2013

NBP: Investments to Rise in Poland

According to a report on the financial situation of firms in the first quarter published by the National Bank of Poland (NBP), demands in investments in the forthcoming quarters should rise.

June 25, 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

Moody's: Overall Fiscal Situation In CEE Is Improving

Because of austerity measures in most of the countries, the economic situation is slowly but steadily improving.However, the latest competitiveness report pains a bleak picture of the future.

June 7, 2013

Poland: Base Rate Down to Record Low

Poland’s Monetary Council has cut the base rate to 2.75 percent.

June 6, 2013

Vague Economic Outlook in Poland: Unadvisable to Cut Interest Rates

In an interview with Reuters, member of the Monetary Policy Council (MPC) Elzbieta Chojna-Duch explains why it is problematic for Poland to decide on further cuts in interest rates.

April 16, 2013

Poland: Inflation Rate for Private Individuals At 1.6 %

March was the seventh consecutive month of decline in private individuals' inflation expectations. Respondents place average inflation rate as expected over the next 12 months at 1.6%.

March 30, 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: Inflation Decreasing

Declining inflation was supported by weaker demand and cost pressures in the economy, decrease in energy price growth as well as zloty exchange rate stronger than a year ago.

March 15, 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: Rostowski Wants to Cut the Interest Rates

According to Poland´s Minister of Finance Jacek Rostowski, the real interest rates are still too high. Rostowski wants to boost economic growth.

February 21, 2013

Poland: Economic Slowdown Becomes More Visible

Poland´s economic growth continues to decelerate. Domestic consumption and employment goes down.

February 19, 2013

Poland: Unemployment Quota Above 14%

In January, Poland´s unemployment quota came at 14.2%, the Polish Ministry of Labor says.

February 8, 2013

NBP Cut Interest Rate Again

The Council of the National Bank of Poland decided to decrease the interest rates by 0.25 percentage points.

February 7, 2013

Poland: Banks Continue to Tighten Lending Policy

NBP Report: In the fourth quarter of 2012, the banks continued to reduce the availability of loans to households and small and medium-sized enterprises. The banks expected demand for housing loans to decline sharply in the first quarter of 2013.

February 4, 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

Poland: Opposition Criticizes Government´s Economic Policy Sharply

Opposition leader Jaroslaw Kaczynski says that the government does not fight against the economic slowdown.

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

Poland: Recovery in Mid-2013

Poland´s new Deputy Prime Minister Janusz Piechocinski forecasts an upward trend beginning in the second half of next year.

December 20, 2012

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

Poland: Another Rate Cut Expected

The Polish National Bank (NBP) will lower the interest rate one more time this year, analysts say.

December 4, 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: Lending Criteria to Tighten

According to the Polish National Bank (NBP), banks will tighten lending conditions further. NBP wants to support economic growth, but has to prevent a credit bubble.

November 6, 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

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