Narodowy Bank

Mixed European Data… U.S. Market Closed

July 4, 2012

There will be no U.S. market trading today because of the Independence Day holiday. Retail sales in the euro area rose 0.6% in May following April’s 1.4% decline.  Sales volume in April-May together was 1.0% below the first-quarter average.  Sales in May, although stronger than assumed, were down 1.7% from a year earlier. Euroland’s composite […] More

National Bank of Poland

December 7, 2011

At the Narodowy Bank, the Monetary Policy Council decided to leave its reference interest rate unchanged for the fifth straight meeting.  A 25-basis point hike in early June to 4.5% culminated a series of four such hikes in the first half of 2011.  Officials consider that dose of restraint “significant” and are not inclined to […] More