Locked content Bankers expect inflation at 1.99%

Bankers surveyed by pollster TNS Polska expect inflation between December 2013 and December 2014 to be 1.99 percent year-on-year, according to data quoted by ISBnews. A month ago the expectations were at 2.08 percent. CPI deflation amounted to 0.3 percent y/y in September and in August, according to...

Locked content JP Morgan lower GDP growth forecast for Poland

Investment bank JP Morgan has corrected its forecast for Poland’s GDP growth in 2015 from 3.2 percent to 2.8 percent, the Polish Press Agency reports. At the same time it has also lowered its forecast for Poland’s inflation at the end of 2015 from 1.8 percent to 1.7 percent. The bank said that the r...

Locked content Rate cuts not certain yet – Chojna-Duch

The Monetary Policy Council (RPP) may cut interest rates again at its November meeting, but the decision is not certain yet, the council’s member Elżbieta Chojna-Duch told the Polish Press Agency in an interview. “There is still room for rate cuts in November,” the central banker said. “But is has n...

Locked content Poland plans Korea-Japan bond roadshow

Poland’s Ministry of Finance will go on a roadshow to meet investors from South Korea and Japan, though no yen-denominated bond issue is planned for this year, Deputy Finance Minister  Dorota Podedworna-Tarnowska was quoted as saying by ISBnews. The minister stressed that investors from these countr...

Locked content Privatization revenue to reach PLN 1.2 bln

Poland’s privatization revenue should reach PLN 1.2 billion, Treasury Minister Włodzimierz Karpiński was quoted as saying by the Polish Press Agency. Representatives of the Treasury Ministry earlier said that this year’s privatization revenue would be lower than the forecast of PLN 3.7 billion. Afte...

Locked content Minutes: Central bankers differed on view of economic situation

At their October sitting, members of Poland’s Monetary Policy Council (RPP) expressed varied views about the economic growth recorded in Poland is recent months and its expected outcome, according to the minutes of the meeting, published on Thursday. “Some Council members emphasized that economic ac...

Economic mission to US coordinated by five ministries

Puls Biznesu daily reported on an upcoming economic mission to the US. The Polish-American Innovation Week (PATI) has garnered 150 registrations from willing Polish firms. It will take place between 16-21 November. The diplomatic side of the event is organized by the Ministry of Foreign Affairs.

Locked content Retail sales up but less than expected

The volume of retail sales in Poland grew by 1.6 percent year-on-year in September, according to a publication issued by the Central Statistical Office (GUS) on Thursday. In month-on-month terms retail trade declined by 0.9 percent. When calculated in real terms (constant price) retail sales grew by...

Locked content Unemployment at 11.5% in September – GUS

The registered unemployment rate in Poland stood at 11.5 percent in September, according to data published on Thursday by the Central Statistical Office (GUS). The figure is in line with an estimate released in early October by the Ministry of Labor and Social Policy. Analysts surveyed by ISBnews ha...

Redistribution legislation amended

The Sejm has amended the financial redistribution law that forced richer voivodships to pay into a pool of money for redistribution to poorer voivodships.