Locked content Interest unchanged possibly through 2020 – NBP head

Interest rates will “almost certainly” remain unchanged by end-2019 and possible also in 2020, said NBP head Adam Glapiński, after the Monetary Policy Council (RPP) decided to maintain current interest rates level yet again at its May sitting. The reference rate has been at 1.5 percent, Lombard rate...

Locked content European Commission proposes smaller budget for agriculture

The European Commission proposed a new, reduced budget for the Common Agricultural Policy (CAP). Poland would receive about 1 percent less on direct payments for farmers and about 25 percent less on the rural development fund. The budget will amount to €365 billion. It is 5 percent less than previou...

Locked content Inflation in Q2 is seen at 1.7% y/y

In Q2 2018 the inflation may amount to 1.7 percent on the annual basis, the Ministry of Finance estimated. The risk for economic growth may come from the situation at the main export markets for Poland, which have recorded a slowdown of economic activity in Q1. A higher inflation in Q2 compared to Q...

Locked content Index of Entrepreneur Optimism declines in May

Index of Entrepreneur Optimism fell in May, but the outlook for coming months improved, according to the survey among Employers of Poland. In May the index stood at 109.6 points compared to 115.2 points in April. The current evaluation is the lowest since June 2017, showing the highest decrease from...

Locked content PLN 62 bln in state coffers at end-May – FM

As of end-May, the Finance Ministry has financed 59 percent of its borrowing needs for the year, with PLN 62 billion in state coffers at the end of the month, Deputy Finance Minister Piotr Nowak stated. The Ministry is planning on one, relatively small bonds sale in June, which will also include a n...

Polish exports increase 9.3% y/y

Exports from Poland in April 2018 increased by 9.3 percent y/y, and dropped by 4.6 percent in monthly terms, said the chief economist of the Polish Chamber of Commerce Piotr Soroczyński in an analysis prepared on the basis of economic data and opinions of members of the Polish Chamber of Commerce. H...