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…
Poland’s national air carrier LOT called off its flights to and from Brussels on November 9 due to a planned strike in its capital city of Belgium on that day, a LOT spokesman said. All of Belgium’s trade unions called on workers to take to the streets on November 9 to protest against growing energy…
Polish retail sales went up by 8.4% YoY in September after an 8% increase in August, Eurostat, the EU’s statistics agency, reported on November 8. Month on month, retail sales went up by 1.4%, the agency also said. Retail sales in the eurozone fell by 0.6% YoY in September after a 2% decline a month…
Poland’s GDP growth will come to about 1% in 2023, Pawel Borys, the head of the state development fund, PFR, has said. “Undoubtedly, we are a competitive economy with an improving infrastructure, an attractive country to locate investments, with high potential for productivity growth, which translates into good GDP growth parameters,” Borys told a corporate…