National Bank of Poland

Aussie Dollar Down More than 1% Overnight

February 6, 2019

An overnight speech by Bank of Governor Lowe, not Donald Trump’s delayed State of the Union address, stole the currency market spotlight today. Forward guidance from the Reserve Bank of Australia had for some time pointed to an eventual interest rate increase, but Lowe said that in line with shifting economic data and changing global […] More

Policy Monetary Policy Rate Left Unchanged at 1.5%

September 5, 2018

The Monetary Policy Committee of the National Bank of Poland has left the reference interest rate at 1.5% since two 50-basis point cuts in the first quarter of 2015. That stance is being continued, according to a statement released today. Inflation is merely moderate¬† and low in the case of core items despite faster growth […] More

National Bank of Poland

June 6, 2018

The Polish central bank reference rate will stay at 1.5%, its level since cuts of 50 basis points each in January and March of 2015. According to a released statement, “Notwithstanding relatively high economic growth and wages rising faster than in the previous year, consumer price growth remains moderate. Inflation net of food and energy […] More

National Bank of Poland

May 16, 2018

A 1.5% central bank reference interest rate will continue to be flanked by a 0.5% deposit rate and a 2.5% lombard rate. In a released statement,¬†officials note “persistently low domestic inflationary pressure across many countries” and predict that Polish inflation will likely stay near its target pace through the monetary policy transmission horizon. On-year GDP […] More

National Bank of Poland

April 11, 2018

No change was made in Polish monetary policy at the latest review. The reference interest rate has been at 1.5% since a pair of 50-basis point cuts in January and March of 2015. Prior to 2012, the reference rate had been at 4.75%. Officials foresee CPI inflation staying near its target during the forecast horizon […] More

National Bank of Poland

February 7, 2018

The Monetary Policy Council at Narodowy Bank Polski agreed to leave interest rates unchanged at this week’s policy review. Since March 2015, a 1.5% reference rate has been flanked by by a 0.5% deposit rate and a 2.5% Lombard rate. Robust growth continues, yet inflation is moderate overall and low on core items. Over its […] More

National Bank of Poland Keeps Existing Policy Settings

January 10, 2018

A statement released by monetary officials after they left the 1.5% reference interest rate at 1.5% — it’s been at that level since March 2015 — predicts decent growth ahead but at a somewhat lower pace than in the second half of 2017 and CPI inflation near its target. Although wage growth has accelerated, core […] More

National Bank of Poland

December 5, 2017

A statement released after this month’s Monetary Policy Council meeting exhibits no urgency to modify Poland’s 1.5% reference interest rate. The last changes to such were a pair of 50-basis point cuts in January and March of 2015. Before that, 225 basis points of easing were implemented from January 2012 to July 2013. The global […] More

National Bank of Poland

November 8, 2017

Poland’s reference interest rate was left at 1.5% at this week’s monetary policy review. It’s been 1.5% since a pair of 50-basis pint cuts in the first quarter of 2015. The rate had been at 4.75% prior to November 2012. In a released statement, officials revealed marginally higher expected growth and inflation in 2018, but […] More

National Bank of Poland

June 7, 2017

Poland’s reference interest rate was left at 1.5%, its level since a pair of 50-basis point cuts in January and March of 2015. From November 2012 to July 2013, the rate was earlier sliced from 4.75% to 2.50%. A statement released today observed that economic growth in Poland had accelerated last quarter and was led […] More

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