Poland's Core Inflation Slightly Down in June
Poland's core inflation rate in June was 3% year-on-year, a slight decrease from May's 3.1%, according to data released by the National Bank of Poland (NBP).
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Poland's core inflation rate in June was 3% year-on-year, a slight decrease from May's 3.1%, according to data released by the National Bank of Poland (NBP).
The Polish Monetary Policy Council is unlikely to change interest rates at its upcoming meeting, but the National Bank of Poland (NBP) is expected to release new inflation and GDP forecasts, potentially offering optimism for future policy moves.
Adam Glapiński, the head of the National Bank of Poland (NBP) and Monetary Policy Council (RPP), stated that there is no reason to change or discuss changing the current level of interest rates.
New data released by the National Bank of Poland (NBP) indicates that core inflation in Poland has risen once more. This latest increase highlights ongoing inflationary pressures within the country's economy.
Adam Glapiński, the head of the National Bank of Poland (NBP), stated that the probability of interest rate hikes by the Monetary Policy Council (RPP) has increased since its April meeting, making a hike 'more possible.'
The National Bank of Poland (NBP) announced an unrealized profit of 169 billion PLN from its 580 tons of gold reserves as of April 9, detailing how the gold is stored.
A recent poll reveals that less than half of Poles believe in the independence and apolitical nature of the National Bank of Poland (NBP) under its current head, Adam Glapiński, with experts noting political involvement can lead to higher inflation and monetary policy costs.
The National Bank of Poland (NBP) should not realize profits from the increase in the value of gold reserves to support Poland's defense efforts, according to most participants in the "Rzeczpospolita" Economists' Panel.
The National Bank of Poland (NBP) has not reported a profit since 2021 and is expected to record further losses this year, with total cumulative losses estimated in the tens of billions.
Higher-than-expected inflation in 2026 could lead to more favorable increases in pension and annuity benefits in Poland, according to new forecasts from the National Bank of Poland (NBP).
A new macroeconomic survey by the National Bank of Poland (NBP) indicates that inflation is within the NBP's target range, but interest rate cuts are uncertain, and the pace of economic growth is slowing.
The National Bank of Poland (NBP) has significantly increased its gold reserves, now holding approximately 613 tons, placing Poland among the top ten countries globally with the largest gold holdings.
The National Bank of Poland (NBP) launched new collector coins on April 15, featuring a 500 PLN gold coin and a 100 PLN silver coin from the "Independent central bank – NBP gold reserves" series.
The National Bank of Poland (NBP) has projected a significant loss of 35.7 billion zlotys for the year 2025.
Adam Glapiński, President of the National Bank of Poland (NBP), stated that the risk of a strong increase in inflation is very limited, noting that while current shocks may slightly raise inflation, they could also curb economic growth, justifying unchanged interest rates.
The Supreme Audit Office (NIK) has initiated an unprecedented comprehensive audit of the National Bank of Poland (NBP), led by Adam Glapiński, to examine its entire financial management, including its annual budget and external contracts, with reports mentioning 'creative approaches to gold reserves' and the audit potentially lasting a year.
A presidential bill, the Polish Defense Investment Fund Act, has been submitted to the Sejm, proposing to redirect profits from the National Bank of Poland (NBP) from the state budget to defense spending, replacing the European SAFE program.
The National Bank of Poland (NBP) has released new forecasts for 2026, predicting inflation to be between 1.6-2.9% and GDP growth between 3.1-4.7%.
The National Bank of Poland (NBP) has slightly raised its inflation forecasts for the next two years compared to its March projection, with the overall tone of the July document being optimistic.
The National Bank of Poland (NBP) reported that while the country's financial system remains stable, new external threats such as global tensions and rising cyberattack risks could impact finances.
The National Bank of Poland (NBP) has issued a new commemorative coin, featuring the historic palace and park in Kozłówka on its reverse side. This special edition coin highlights a significant cultural landmark.
The National Bank of Poland (NBP) allocated 67% of its estimated TV advertising budget, totaling 3.5 million PLN, to TV Republika for gold promotion, making it the largest beneficiary.
Adam Glapiński, President of the National Bank of Poland (NBP), announced that Polish gold reserves are secure and properly stored, following his personal verification at a New York vault.
Poland's ruling coalition is reportedly planning a new motion to bring Adam Glapiński, the head of the National Bank of Poland (NBP), before the State Tribunal for his support of the presidential project.
Experts are criticizing a proposal by the Polish President and the head of the National Bank of Poland (NBP) that would allow them to decide how NBP profits are spent. Economists argue this is unconstitutional, as fiscal policy is the government's domain, and they list numerous other objections.
The National Bank of Poland (NBP) projects inflation to remain within its target until at least the end of 2028, partly due to rapid growth in cheap imports from China, while forecasting solid economic growth of nearly 4% this year and around 3% in the following two years.
Professor Wojtyna discusses the potential cost of a quiet agreement between the government, the National Bank of Poland (NBP), and the president, suggesting that foregoing impeachment of the NBP president would mean losing an opportunity to correct institutional weaknesses crucial for national security.