Locked content Interest rates remain unchanged – RPP

Poland’s Monetary Policy Council (RPP) has decided to leave the interest rates unchanged, the National Bank of Poland (NBP) informed. The NBP’s reference rate remains at 1.5 percent, the Lombard rate at 2.5 percent, the deposit rate at 0.5 percent and the rediscount rate at 1.75 percent....

Locked content Real household income up by 2.7 percent

According to an NBP report (National Bank of Poland), an increase was observed in real household income in Q3 2015, while Poles’ savings decreased. In comparison with Q3 2014, real household income in Poland grew by 2.7 percent. The increase was mainly based on the original income, including t...

Locked content Consumer loans up by 0.3% in April

The value of consumer credits increased by 0.3 percent or PLN 454 million in April month-on-month and reached PLN 145.5 billion, the National Bank of Poland (NBP) announced on Friday. The value of such credits denominated in PLN increased by 0.5 percent m/m, while the value of consumer credits denom...

PLN 20 banknote won award for best collector’s note

Polish collector’s banknote made of plastic was named the best collector’s banknote in the world ex aequo with Nigerian and Scottish banknotes at the Currency Conference in Vancouver organized by International Association for Currency Affairs.

Locked content IMF reduces Poland’s credit line

The Ministry of Finance and the National Bank of Poland (Narodowy Bank Polski) have asked the IMF to reduce its flexible credit line (FCL) from $33.8 billion to $25 billion. The offer was initially accepted, according to Polish daily Puls Biznesu. The credit line is at Poland’s disposal since ...

Locked content Belka: NBP must contribute to law on central bank

The new version of the law on the National Bank of Poland should not hamper the scope of competence of the Monetary Policy Council (RPP), central bank head Marek Belka said in an interview for Obserwator Finansowy. The NBP issued a statement on Friday saying that the RPP and the central bank’s manag...