Poland should avoid a recession in 2023, the governor of the National Bank of Poland (NBP) has said, citing the bank’s forecasts. Adam Glapinski said there might be temporary fluctuations in 2023, but not a recession. “Our projections indicate that we will not have a recession, that we may have some sort of swing in…
Vitas Vasiliauskas, a former chief of Lithuania’s central bank and currently an adviser to the prime minister, is joining the Executive Board of the International Monetary Fund (IMF). Vasiliauskas confirmed that January 6 was his last day of work with the team of Prime Minister Ingrida Simonyte. He will take up his new job in…
The Polish central bank’s interest-rate hike cycle is not over yet, the bank’s head, Adam Glapinski, has said. Glapinski told a press conference that the bank was waiting for January/February inflation figures before deciding about interest rates. In a recent hike cycle, the National Bank of Poland’s Monetary Policy Council raised interest rates 11 times…
As of January 4, UAH 2.7 billion has been allocated for January pension payments, including UAH 1.4 billion for the payment of pensions through JSC Ukrposhta and UAH 1.3 billion – through authorized banks. Authorized banks have credited 100% of the allocated amounts to pensioners’ accounts. In January, 104,000 services were provided to persons who…
Poland’s unemployment rate stood at 5.2% in December 2022, up by 0.1% MoM, according to an estimate by the Labour Ministry. Economists polled by PAP also saw the jobless rate in December 2022 at 5.2%. The number of registered unemployed increased to 813,200 at end-December 2022 against 800,000 at end-November 2022, the Ministry of Family…
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.”…