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

Poland claims there will be “no taboo” in talks with Erdogan

Poland will skip no touchy topics in talks with President Recep Tayyip Erdogan, visiting Warsaw on October 17, the office of President Andrzej Duda said ahead of the visit by the Turkish leader, ... more

Polish anti-trust office clears PGE to take over EDF’s local energy assets

The Polish anti-monopoly body UOKiK has cleared the state-controlled power conglomerate PGE to take over the Polish assets of French peer EDF on condition that power from one acquired ... more

Poland reportedly defies EU court injunction on logging in Unesco-listed forest

Poland will not comply with the Court of Justice of the European Union’s injunction on logging in the ancient Bialowieza Forest, a newswire report claimed on August 4. Warsaw’s stance in ... more

Dismiss