Branch bankers expect Poland's CPI inflation at 2.54% y/y in December

By bne IntelliNews February 26, 2014

Consumer inflation will likely reach 2.54% y/y in December of 2014, according to bankers from 200 branches surveyed by pollster TNS Polska. A month ago, they saw the December 2014 inflation at 2.39%.
In January of 2014, CPI inflation was 0.7% y/y, i.e. the same as in December of 2013. Bank economists expect the figure to inch up by the end of the year, but deem it will stay below the 1.5% mark (which is the lower end of the central bank's CPI target of 2.5% +/- 1pp) at least for the next few months.
Branch bankers also expect a slight weakening of the zloty against the euro and against the US dollar as compared to current FX market levels. They forecast the EUR/PLN rate at 4.18 at the end of 2014 (vs. 4.18 expected a month ago) vs. current 4.15 and the USD/PLN rate - at 3.08 (vs. 3.09, respectively) compared to current 3.02.

Related Articles

Protests against judiciary reform continue to rock Poland

Polish protests against the government's judiciary reforms continued for a sixth day on July 23, as crowds sought to add to pressure on President Andrzej Duda to veto the controversial bills that ... more

Czech judiciary denounces Poland's move to end separation of powers

Senior Czech judges on July 21 denounced Poland's judicial overhaul as an attack on the rule of law. With big street protests in the Czech Republic's neighbour seemingly gathering momentum – 120 ... more

Strongly profitable Czech petrochemical maker Unipetrol puts cracker explosion behind it

Unipetrol looks to have finally got over the August 2015 fire and explosion that wrecked its steam cracker, an indispensable installation in the production of ethylene feedstock needed to manufacture ... more