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.
Poland broke EU law by increasing logging in the ancient Bialowieza Forest under a pretext of fighting spruce beetle, the Court of Justice of the European Union (CJEU) ruled on April 17. The ... more
Standard and Poor’s raised its outlook for Poland from stable to positive on April 13, while maintaining the country’s rating at BBB+. The raising of the outlook is based on ... more
Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more