Polish foreign reserves fall in December

By bne IntelliNews January 7, 2018

Poland’s international reserves contracted 2.1% m/m to PLN394.4bn (€94.5bn, $113.3bn) in December, data released by the National Bank of Poland (NBP) showed on January 5. In annual terms, Polish forex reserves fell 17.5% in the last month of 2017.

The monthly fall in December came on the back of reductions across all main segments. The monetary gold reserves fell 0.9% m/m to PLN14.9bn. SDRs fell 1.4% on the month to PLN1.49bn.

Poland’s reserve position in the IMF fell 5.3% m/m to PLN1.85bn. There was also a fall of 2.1% in the foreign exchange reserves segment to a total of PLN376.1bn. In euro and US dollars terms, the reserves also fell m/m in December.

The NBP invests foreign exchange reserves in standard instruments used by central banks. The majority of investments are in government securities, although some volumes are invested in securities issued by international institutions and government agencies. A small part of the foreign exchange reserves is held as deposits at highly rated banks abroad or in gold.

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Retailer Maxima to hone in on Poland after launching Baltic states’ biggest ever private sector bond issue

Poland to face grilling in Brussels over court reforms

Corruption watchdog slams eastern EU members for failing to check foreign bribery

Retailer Maxima to hone in on Poland after launching Baltic states’ biggest ever private sector bond issue

Poland to face grilling in Brussels over court reforms

Corruption watchdog slams eastern EU members for failing to check foreign bribery

Data

Belarus reports 3.7% y/y GDP growth in January-August

Belarus' GDP grew by 3.7% year-on-year in January-August following a 4.4% y/y growth in January-July, according to the national statistics agency Belstat.

Czechs forecast to hike spending via online shops by up to 18% in 2018

Czechs have embraced online shopping: Czechia has the highest number of e-shops per capita in the EU, and more than 43% of non-food products are now sold via e-shops in the Central European country.

Gap between Turkey’s home price growth and inflation widens to 537bp in July

House and apartment owners contended with figures of 10.48% and 15.85%, respectively.

Turkey’s retail sales growth falls to 17-month low of 3.1% y/y in July

Country’s economic woes are eating at consumer confidence and prompting a tightening of belts.

Russia-China trade turnover up 25.7% in January-August 2018

Trade turnover between Russia and China increased by 25.7% year-on-year in January-August 2018 to $67.5bn, a pace that means year end turnover should top $100bn

Belarus reports 3.7% y/y GDP growth in January-August

4 hours ago

Czechs forecast to hike spending via online shops by up to 18% in 2018

5 hours ago

Gap between Turkey’s home price growth and inflation widens to 537bp in July

7 hours ago

Turkey’s retail sales growth falls to 17-month low of 3.1% y/y in July

6 hours ago

Russia-China trade turnover up 25.7% in January-August 2018

9 hours ago

Polish foreign reserves fall in December

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Data

Belarus reports 3.7% y/y GDP growth in January-August

Belarus' GDP grew by 3.7% year-on-year in January-August following a 4.4% y/y growth in January-July, according to the national statistics agency Belstat.

Czechs forecast to hike spending via online shops by up to 18% in 2018

Czechs have embraced online shopping: Czechia has the highest number of e-shops per capita in the EU, and more than 43% of non-food products are now sold via e-shops in the Central European country.

Gap between Turkey’s home price growth and inflation widens to 537bp in July

House and apartment owners contended with figures of 10.48% and 15.85%, respectively.

Turkey’s retail sales growth falls to 17-month low of 3.1% y/y in July

Country’s economic woes are eating at consumer confidence and prompting a tightening of belts.

Russia-China trade turnover up 25.7% in January-August 2018

Trade turnover between Russia and China increased by 25.7% year-on-year in January-August 2018 to $67.5bn, a pace that means year end turnover should top $100bn

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Polish foreign reserves fall in December

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Data

Belarus' GDP grew by 3.7% year-on-year in January-August following a 4.4% y/y growth in January-July, according to the national statistics agency Belstat.

Czechs have embraced online shopping: Czechia has the highest number of e-shops per capita in the EU, and more than 43% of non-food products are now sold via e-shops in the Central European country.

House and apartment owners contended with figures of 10.48% and 15.85%, respectively.

Country’s economic woes are eating at consumer confidence and prompting a tightening of belts.

Trade turnover between Russia and China increased by 25.7% year-on-year in January-August 2018 to $67.5bn, a pace that means year end turnover should top $100bn

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Most Read

Selected articles from our premium news/views wire IntelliNews Pro

Follow Us On

Reports

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