At its 6-7 March monetary policy meeting, the Central Bank left interest rates unchanged at 4.50% for the ninth consecutive month, in a move that was widely expected by the market. The National Bank of Poland (NBP) stated that global economic growth remains subdued, and is now accompanied by a recession in the Euro area and prevailing uncertainty regarding the sovereign debt crisis in some Eurozone countries. However, the Bank pointed out that the domestic economy had posted solid GDP growth in the fourth quarter of 2011, although it warned that ?economic activity may weaken in the coming quarters.? In addition, the Central bank maintained its view that ?in the medium term, inflation will be curbed by the expected deceleration of economic growth amid moderate wage growth as well as continued fiscal tightening.?
Poland Monetary Policy
Central Bank leaves interest rates unchanged
March 7, 2012
Looking for forecasts related to Monetary Policy in Poland? Download a sample report now.
Poland Economic News
October 25, 2016
The manufacturing sector business climate index decreased from 3.3 points in September to 1.0 point in October, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).
October 25, 2016
In September, retail sales rose 4.8% over the same month last year, which was below August’s over two-year high of a 5.6% increase.
October 19, 2016
In September, industrial production expanded 3.2% over the same month last year, which was notably below the 7.5% expansion recorded in August.
October 12, 2016
According to the Central Statistical Office (GUS), consumer prices recorded flat growth over the previous month in September, which followed the 0.2% decrease recorded in August.
October 5, 2016
As anticipated by market analysts, the National Bank of Poland (NBP) decided to keep the reference rate at the record low of 1.50% at its 4–5 October monetary policy meeting.