Speaking at the Law and Justice (PiS) party convention in Warsaw, party President Jaroslaw Kaczynski said that “we hope for low inflation in the new year, so this new financial injection will no longer threaten a return to inflationary tendencies – we have taken this into account.” “The Law and Justice Hive Programme” convention was…
Poland’s core inflation will likely decline in the coming months and quarters and would certainly start decreasing in H2, the governor of the National Bank of Poland (NBP) has said. Adam Glapinski held a press conference on May 11 following the NBP’s Monetary Policy Council’s May 10 decision to keep all interest rates unchanged for…
Poland’s central bank (NBP)’s rate-setting Monetary Policy Council (RPP) decided to leave the reference interest rate at 6.75% for the eighth consecutive month on May 10 arguing that a series of external and internal factors should bring inflation down. “The Council assessed that the weakening of the external economic conditions, together with a decline in…
Poland’s appetite for authentic pizza has been affirmed after three restaurants were named as among the best in Europe by the prestigious, Italian-run portal Top 50 Pizzeria Europa. With the list purposefully excluding Italian pizzerias, the European rankings were topped by Barcelona’s Sartoria Panatieri. Baest in Copenhagen was placed second and London’s 50 Kalo third.…
Poland’s unemployment rate stood at 5.3% in April, down by 0.1% MoM and by 0.3% YoY, according to an estimate by the Social Policy and Labour Ministry. According to preliminary data, in April there were 823,700 registered unemployed people, down by 2.7% MoM. Compared to the end of April 2022, the number of the unemployed…
Polish retail sales went down by 6.1% YoY in March after a 0.7% decrease in February, Eurostat, the EU’s statistics agency, reported. Month on month, retail sales went down by 2.4%, the agency also said. Retail sales in the eurozone fell by 3.8% YoY in March after a 2.4% decrease a month before. In monthly…
Polish banks look set to tighten the lending criteria for all types of loans in the second quarter, according to a central bank survey of the heads of banks’ loan committees. The biggest tightening could hit consumer loans due to an expected deterioration in economic conditions, and an increase in the share of non-performing loans…