At its 3-4 July monetary policy meeting, the Central Bank left its reference rate unchanged at 4.75%, a decision that was in line with market expectations. The National Bank of Poland (NBP) stated that global economic growth is weakening amid decelerating economic activity in major emerging economies, moderate growth in the United States and a stagnation in the Euro area. However, the Bank noted that the situation in financial markets has stabilized somewhat since the previous meeting in June, leading to an appreciation of the Polish zloty. On the domestic side, the Bank stressed that recent indicators confirm
Poland Monetary Policy
Central Bank stays put in July
July 4, 2012
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Poland Monetary Policy Chart
Note: NBP Reference Rate in %.
Source: National Bank of Poland (NBP).
Poland Economic News
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.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI) rose from August’s 51.5 to a six-month high of 52.2 in September, according to IHS Markit.
September 30, 2016
According to a preliminary estimate released by the Central Statistical Office (GUS) on 30 September, consumer prices recorded flat growth over the previous month in September, which followed the 0.2% fall recorded in August. In annual terms, consumer prices dropped 0.5% in September, which was a less pronounced decline than the 0.8% fall recorded in August.
September 30, 2016
The manufacturing sector business climate index decreased from 4.8 points in August to 3.3 points in September, according to the Central Statistical Office’s Business Tendency Survey (GUS-BTS).