Tag: NBP
Markets Anticipate Five Interest Rate Cuts in the US by 2024
Markets are pricing in five interest rate cuts in the US by October 2024. The decisions of the Federal Reserve (Fed) will affect currency markets, the Polish złoty, cryptocurrencies, and the price of gold.
Are...
Interest rates in Poland remain unchanged
Interest rates in Poland have remained unchanged. As forecasted in the last NBP conference, they are likely to stay in "stand-by" mode until the next inflation projection (in March next year).
Global uncertainty, as well...
Monetary Policy Council Holds Interest Rates Steady, Reflecting Uncertainty
The post-election dust has settled, and along with it, the situation in the monetary market has stabilized. After a pre-election two-step reduction in interest rates - first by 0.75% (in September) and then 0.25%...
Poland Becomes the Second-Largest Buyer of Gold, Central Banks Increase Gold Reserves to Record...
The National Bank of Poland (NBP) has purchased gold for the seventh consecutive time. The purchases in October were about $1.75 billion larger than the previous ones. According to the World Gold Council's data...
Polish central bank keeps rates unchanged, citing uncertainty
The Monetary Policy Council has decided to maintain the interest rate at its current level, given the uncertain global economic situation. In the Eurozone, the economic growth dynamics in the third quarter have declined...
Fuel Prices Expected to Rise after Elections, Says Przemysław Litwiniuk
In a recent statement on TVN24, Przemysław Litwiniuk, a member of the Monetary Policy Council, announced that fuel prices in Poland are anticipated to surge by at least 10% in November and by another...
Elections may bring additional volatility in the zloty
Last week's decision by the Monetary Policy Council (RPP) to lower interest rates by only 25 bp. has helped limit expectations for further cuts, which has strengthened the zloty. This week, the market's attention...
NBP bought approx. 100 tons of gold within 6 months
The National Bank of Poland (NBP) has continued its strategy of securing the country's financial stability through systematically increasing its monetary gold reserves since April this year. After purchasing additional tonnes in September, it...
Economists: Glapiński destroys the reputation of NBP
We are outraged by the content of the statement made by the President of the National Bank of Poland, Adam Glapiński, who unjustifiably accused economists and journalists of lacking objectivity, being politicized, and even...
Gold under pressure, but not for long
The price of gold continues to be under pressure from a strong dollar and high returns on US bonds due to the Federal Reserve's stance. The motto of "higher for longer" is a call...
NBP continues to ease monetary policy
• For the second time in a row, the National Bank of Poland (NBP) decided to lower interest rates, this time by only 25 basis points (primary rate 5.75%). The rationale for the rate...
Polish Companies Increasing Foreign Investments
The majority of Polish investments are located in Europe, but the United States, India, and the Middle East are becoming increasingly popular. According to the NBP, the value of Polish direct investments abroad was...
Polish Interest Rates Cut by 25 Basis Points, In Line With Market Expectations
Investors feared a significant interest rate cut, however, a repeat of the situation from a month ago did not happen, and the decision was in line with market consensus. Meanwhile, our path to low...
The zloty strengthened after the RPP decision, but the market awaits further signals
The Złoty continues to be influenced by yesterday's decision of the Monetary Policy Council. Today we are awaiting a press conference by the NBP President, Adam Glapiński. Globally, the focus remains on the American...
This time the Polish Central Bank did not weaken the zloty, market reaction significantly...
Following the Polish Monetary Policy Council's (RPP) entirely unexpected decision a month ago to slash its benchmark interest rate by 0.75 p.p., the Polish currency significantly weakened. The EUR/PLN rate jumped within a week...
Polish central bank cuts rates again
At the meeting in October, the Monetary Policy Council lowered interest rates by 25 basis points, hence starting from Thursday the reference rate will stand at 5.75%. The zloty strengthened after the decision, as...
Zloty weakens after interest rate cut, but fundamentals remain strong
In September, the Polish zloty was fairly stable and strong prior to the lowering of interest rates. This stability was due to several factors. Recently, the Polish economy has seen a significant influx of...
Pre-election decision of the Monetary Policy Council, will it surprise us again?
Another meeting of the Monetary Policy Council (MPC) is ahead of us. This coming Wednesday, we will get to know the decision regarding interest rates. The market is eagerly awaiting this decision, especially after...
Higher yields in the USA and a strong dollar drive the market
The Polish Zloty suffered marginally from the worsening of global risk sentiment. Last week, it performed worse than other regional currencies, but found support on Monday. The question is, for how long? Significant for...
FED’s stance extends sideways trend on gold
Gold did not have the best week, mainly due to the FED, whose hawkish announcements have strengthened the US dollar and increased the yield on US bonds.
The uncertain inflation situation results in volatility...
Polish companies becoming increasingly aware of cyber threats associated with AI
Artificial intelligence (AI) can be used both for cyberattacks and for defending against them. According to a study by EY - "How Polish Companies...
AGV and AMR: Revolutionizing Automation in Modern Manufacturing
In the rapidly evolving landscape of modern manufacturing, automation has become a cornerstone of efficiency and innovation. Among the most transformative technologies in this...
Property investment market in Poland. Q3 2024 report
Q3 2024 marked a significant resurgence on the market, with 30 transactions completed. By the end of September, the investment market reached €2.7 bn,...
XTB shatters records in 2023 with a PLN 791.3 million profit...
312,000 new customers acquired in 2023, over 77,000 in Q4 alone
A 51.0% increase in the number of active customers to 408,500
Q4...
The strange anatomy of global debt
DEBT: Global debt trends matter and the current levels are eye-poppingly high. However there are big differences across the segments of governments, companies, or...
