The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%. The National Bank of Poland’s Lombard rate remained at 7.25%, the rediscount rate at 6.80% and the discount rate at 6.85%, the RPP announced after its sitting on January 4. The RPP also left the deposit…
Lithuanian Prime Minister Ingrida Simonyte expects the parliament to start debating the planned tax reform in its spring session. “The Finance Ministry has drafted a good reform model,” Simonyte said. “Last spring, when the situation was uncertain, we said that the reform should be postponed. Now, we see that we can return to this discussion.”…
Poland’s rate-setting body has argued that the 11 interest hikes it has carried out so far should be enough to bring down the consumer price index (CPI) amid weakening global sentiment and inflation falling across major countries. The Monetary Policy Council (RPP) left rates unchanged for the fourth time running on January 4 following 11…
At the end of 2022, the US Congress confirmed funding of $225 million towards their Baltic Security Initiative for the fiscal year of 2023, as confirmed by Latvia’s Ministry of Defence. All this funding will be diverted towards development of all three Baltic States’ military capabilities. In the fiscal year of 2022 the Baltic Security…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 16.6% YoY and by 0.2% MoM in December 2022, the Central Statistical Office (GUS) reported on January 5. Economists polled by PAP Business estimated that December 2022 CPI would reach 17.3% YoY and 0.8% MoM. In November 2022, the prices of consumer goods…
With the European Central Bank raising interest rates, the real estate market is expected to cool down. However, it may take some time before properties in Lithuania become more affordable, analysts say. Real estate prices have been rising steadily and quite steeply over the last couple of years, with buyers snatching every property on the…
Inflation in Poland, which hit 16.6% in December 2022, will remain at the double-digit level for the first three quarters of 2023, an economic think-tank has forecast. Prices of consumer goods and services increased by 16.6% YoY in December 2022, the Central Statistical Office (GUS) reported on January 5. The reading is lower than economists…