As many as 30% of Poles are planning to ask for a pay rise within the next six months, according to a new poll. Of the 30%, UCE Research and SYNO Poland pollsters found that 31.9% said they wanted to ask for a rise equaling 10-15% of their current wage while 24% said they would…
The European Commission (EC), the EU’s executive arm, has lowered its 2022 GDP growth estimate for Poland to 4.0% from the 5.2% forecast in July. In a report published on November 11 the EC also lowered its 2023 GDP growth forecast for Poland to 0.7% from the 1.5% expected earlier. According to the European Commission,…
Inflation will peak at around 19% at the start of next year, but will fail to break the 20% barrier, says Adam Glapinski, governor of the National Bank of Poland (NBP). He added that inflation, which rose to 17.9% in October, should start to fall in the second quarter of 2023. Glapinski made the statement…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%, it announced on November 9, despite rising inflation. 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 also left the deposit rate…
Poland’s rate setting council said on November 9 that its decision to put interest rates on hold was based on expectations that the global economic slowdown along with monetary tightening in Poland and abroad would lower inflation towards the central bank’s inflation target. In a statement issued after its decision to keep interest rates level,…
A framework agreement for the delivery of elements for US and Korean multiple launch rocket systems (MRLS) was approved on November 9 by Poland’s defence minister. The agreement between the Armaments Agency and the PGZ-WWR consortium defines the terms and conditions for concluding executive contracts for the incorporation of elements produced in Poland, including vehicles…
Over 55% of Poles in a United Surveys poll said Poland’s economic situation was bad, 13.6% said it was good, 23.9% described it as neither good nor bad, and nearly 7% could not say, the Dziennik Gazeta Prawa newspaper reported on November 9. The newspaper noted that opinions about the country’s economy differed according to…