Poland’s core inflation, which excludes the prices of food and energy, measured 11.4% YoY in November, up from 11% in October, the National Bank of Poland (NBP) said. Inflation excluding fixed prices amounted to 18.1% YoY in November, down from 18.7% in the previous month. Inflation excluding the most volatile items measured 15% in November,…
Prices of consumer goods and services (Consumer Price Index, CPI) increased by 17.5% YoY and by 0.7% MoM in November, the Central Statistical Office (GUS) reported on December 15. In a flash estimate, GUS said that November’s CPI would reach 17.4% YoY and 0.7% MoM. In October, the prices of consumer goods and services increased…
Poland’s current account deficit fell to EUR 549 million at the end of October, against a deficit of EUR 1.56 billion recorded at the end of September, according to central bank figures released on December 14. Market analysts expected the deficit to amount to EUR 800 million. Poland recorded a EUR 2.28-billion deficit in the…
Military equipment manufactured in Poland, especially the Piorun (Thunderbolt) air defence system, has been attracting growing interest from around the world, the CEO of the Polish Armaments Group (PGZ) has said. “Interest displayed in the purchases of Poland-made military equipment, especially the Piorun surface-to-air missiles, is huge today,” Sebastian Chwalek said, adding that talks were…
Poland’s central bank, the National Bank of Poland (NBP), does not predict a recession in the country, but economic growth may fall to zero, the central bank governor has said. At his monthly press conference on December 8 following an interest rate decision a day before, Adam Glapinski said that despite weakening sentiment, Poland should…
Poland’s Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, believes that the current interest rate level is optimal, the central bank governor has said. “The council considers the current interest rate level, which has reached 6.75% following 11 increases, as optimal,” Adam Glapinski told reporters. The RPP left rates unchanged for the third…
Inflation in Poland will remain high in the short-term, and its return to the central bank’s target band will be gradual, the Monetary Policy Council (RPP) has said in a statement after a no-change rate decision. The RPP kept interest rates unchanged for the third month in a row, leaving the main interest rate at…