The International Monetary Fund (IMF) does not expect any significant acceleration of inflation in the Polish economy and its expects inflation to remain around the mid-point of the central bank's inflation target's band (2.5% +/-1pp). Hence, the IMF deems that the Monetary Policy Council (RPP) should retain its neutral bias - its inflation forecast suggest that "a rise in rates would not be warranted any time soon." The RPP kept interest on hold in February (at 3.5% in the case of the key market intervention rate) and is expected to leave them flat at least by late 2010, though it might change its policy bias to tightening from neutral within the next few months. ISB, tom
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The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more