Locked content Salaries to grow in 2015 – Work Service

Wages in Poland may grow by 1-3 percent in 2015, according to a report prepared by employment services firm Work Service, quoted by the Polish Press Agency. “In 2015 we expect trends trends to reverse on the labor market,” the report said. “The employer’s market is losing to the employee’s market.” ...

Locked content Bankers expect inflation at 2.21%

Bankers surveyed by pollster TNS Polska expect inflation between December 2013 and December 2014 to be 2.21 percent year-on-year, according to data quoted by ISBnews. A month ago the expectations were at 1.99 percent. CPI deflation amounted to 0.6 percent y/y in October compared to 0.3 percent in Se...

Locked content Unemployment down again, sales up

Unemployment rate dropped to 11.3 percent in October, according to statistics office GUS, 0.2 percentage point lower than in September. The data is consistent with earlier forecasts by Labor Ministry. In October 2013, unemployment stood at 13 percent. Analysts say that the job market is doing better...

Locked content Winiecki: No room for rate cuts

Monetary Policy Council (RPP) member Jan Winiecki does not see any room for interest rate cuts, he told radio station TOK FM. “If you looked at earlier registers of my voting you would see that I did not see it earlier either,” he said. He explained that Poland’s current situation does not inv...

Locked content Poland to pre-finance some 25% of 2015 borrowing needs

Poland will have financed some 25 percent of its borrowing needs for 2015 by the end of 2014, Piotr Marczak from the Ministry of Finance was quoted as saying by the Polish Press Agency. The exact amount will depend on the bond exchange tender planned for December, Marczak said. No bond sales are sch...

Locked content Economic sentiment positive – GUS

The combined economic sentiment indicator calculated by the Central Statistical Office (GUS) grew in November both in month-on-month and in year-on-year terms, the institution said on Friday. The economic climate improved the most in construction and in trade. Current assumptions about the orders po...

Locked content Consumer confidence down in November – GUS

The current consumer confidence indicator calculated by the Central Statistical Office (GUS) inched down by 0.8 points to -14.9 points in November, the institution said on Friday. Compared to November 2013 the indicator grew by 7.8 points. The forward-looking consumer confidence indicator dropped by...

Locked content NBP: Reforms should precede euro zone entry

Poland should decide on joining the euro zone only after it has carried out well though-over reforms, according to a report published on Thursday by the National Bank of Poland. These reforms should lead to improving the foundations of Poland’s economy and adjusting it to structural characteristics ...

Locked content RPP rejected three rate cut motions in November

The National Bank of Poland’s Monetary Policy Council (RPP) rejected three motions for interest rate cuts during its sitting in early November, according to the minutes of the meeting published on Thursday. Members of the council suggested reducing the NBP’s rates by 100 basis points, then 50 basis ...