Poland’s Monetary Policy Council has agreed to raise interest rates by 0.75 percent, meaning that the central bank’s annual interest rate now stands at 5.25 percent. The interest rate increase will raise borrowing costs for Polish citizens and businesses. Following the move, the marginal facility rate will now be 5.75 percent, the deposits rate 4.75 […]
An average Polish household now has a third more to spend than it had three years ago, while 70 percent of Poles have savings. This is a measure of how living standards have risen in Poland, an analysis by “Open Finance” states.
Poles trust banks with their money, claims a survey by the Public Opinion Research Center (CBOS). 68 percent of Poles claim that their money in bank accounts is safe, which is the highest number in the last decade.
Poland is worried about countries which are not yet in the eurozone being excluded from decision-making processes on a separate EU budget for the eurozone, writes Anna Słojewska in “Rzeczpospolita”. Poland does not want just the finance ministers in the eurogroup making all decisions about the criteria and timing of that instrument.
The VAT scandal during the Civic Platform (PO) government was an open-door crime, claims editor in chief of “Gazeta Polska” (GP) Tomasz Sakiewicz. The entire tax hole is estimated to have totaled PLN 250 billion.
Polish Minister of Justice Zbigniew Ziobro criticized the previous Civic Platform government’s methods of fighting corruption. “Today, our state is no longer theoretical. It works practically, efficiently and quickly,” says the minister commenting on the KNF corruption scandal.
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