The benchmark interest rate was lowered by 0.25 points to 5.75 percent
Poland’s central bank cut interest rates by a whopping 0.75 percent in a move that surprised experts and caused the Polish currency (PLN) to fall sharply
The possibility of an interest rate cut may boost Polish conservatives in the upcoming election
Overall, inflation year-over-year is down for five consecutive months, and for the first time since 2019, prices on a month-to-month basis have not increased for three months
Poland’s Monetary Policy Council keeps interest rates unchanged, however economists anticipate rate cuts in the near future
The Polish Central Office of Statistics has reported that annual inflation has fallen to 13% from a peak of 18.4% in February
Adam Glapiński says he expects the rate of inflation to keep falling and that interest rates will stay at their current levels
The Polish złoty reached 4.19 against the U.S. dollar on Thursday
The chances of a decrease in interest rates in Poland this year are diminishing, writes Grzegorz Baczewski, the CEO of the Lewiatan Confederation, an organization of employers
Poland’s Monetary Policy Council has for the fourth month running held interest rates at the level of 6.75 percent
Adam Glapiński predicted that the rate of inflation would begin to fall by the end of the first quarter of 2023
Polish Prime Minister Mateusz Morawiecki has assured the public that Polish banks are strong enough to absorb the costs of the legislation entitling mortgage holders to suspend their repayments for up to eight months until the end of next year
According to an economist at the Warsaw School of Economics, the level of inflation in a country depends on the structure of the economy and degree of development
The chief economist of the Polish bank PKO BP forecasts that the rate of inflation should slow down in the near future
The key interest rate in Czechia is already the highest since 1999, but more increases are expected
Despite Poland’s interest rate increases, inflation may only get worse
Poland’s prime minister announced a four-point plan of support for people who are finding it difficult to repay their mortgages
Economist Marcin Roszkowski, from the Jagiellonian Institute, argues that the 1-percentage point rise in interest rates is still probably insufficient to slow down the rate of inflation
The head of the National Bank of Poland Adam Glapiński assured that the Polish economy has strong foundations and that Poland was not at any economic risk
Poland’s Monetary Policy Council has acknowledged the issue of growing inflation and has undertaken measures to counteract it
Hungarian inflation could normalize by 2023
Even the most ingenious government policy will not ensure prosperity if there is no price stability, said the Czech central bank governor in defense of the bank’s rate hike
Poland’s central bank is looking to fight inflation and keep the economy from overheating with the latest interest rate increase
