Policy Rates On Hold In H1, 50bps Hike By End-2010

March 2010
Emerging Europe Monitor: Central Europe & Baltic States;Mar2010, Vol. 17 Issue 3, p3
Country Report
The article reports on the Polish monetary outlook. It is expected that the National Bank of Poland (NBP) will keep the reference rate on hold at 3.50% through H110. This due to the inauguration of a new monetary policy committee over January-February 2010 and the fragility of the economic recovery. However, the NBP's focus will shift back towards inflation targeting, with 50bps in cumulative rate hikes lay in store by end-2010.


Related Articles

  • Easing Inflation Supports Interest Rate Hiatus.  // Emerging Europe Monitor: Central Europe & Baltic States;Aug2010, Vol. 17 Issue 8, p3 

    The article presents an outlook on the economic condition in Poland in August 2010. It predicts that Polish monetary policy rates will stay on hold in the coming months provided by the continued moderation in headline inflation. It forecasts an interest rate hike of cumulative 50 basis points by...

  • Monetary Easing On The Backburner For Now.  // Emerging Europe Monitor: Central Europe & Baltic States;Jul2009, Vol. 16 Issue 7, p1 

    The article reports on the decision of the National Bank of Poland (NBP) to retain its key reference rate at 3.25% in April 2009, indicating a further monetary easing during the rest of the year. It warns that the decision to maintain interest rates at the current level could mean that the bank...

  • More Hikes In The Pipeline.  // Emerging Europe Monitor: Central Europe & Baltic States;Mar2011, Vol. 18 Issue 3, p1 

    The article focuses on the economic condition in Poland. It highlights the move of the National Bank of Poland (NBP) in boosting its benchmark monetary policy rate by 25 basis points (bps). It also mentions the persistence of NBP president Marek Belka to push such moves due to the capabilities...

  • Country Intelligence: Report: Poland.  // Poland Country Monitor;Jun2013, p1 

    A report on the economic outlook and conditions of Poland as of June 2013 is presented. It states that the country's economy will continue to grow but at a sluggish rate due to the ongoing crisis in the Eurozone. It expects the Monetary Policy Council (MPC) to cut the key policy interest rate to...

  • Poland: Crash Tragedy - The Implications.  // Emerging Markets Monitor;4/19/2010, Vol. 16 Issue 3, p15 

    The article discusses the impact of the plane crash tragedy involving President Lech Kaczynski and other government officials of Poland on its economic condition. The loss of Kaczynski means another election and strengthened position of the prime minister and that of his party. It notes that the...

  • Poland: More Rate Hikes To Come.  // Emerging Markets Monitor;4/11/2011, Vol. 17 Issue 3, p16 

    The article reports on the outlook for monetary policy in Poland in 2011. The National Bank of Poland (NBP) is expected to continue monetary tightening over the course of 2011. NBP raised the key reference rate for the second time in 2011 to 4.00% on April 5, 2011. The benchmark reference rate...

  • Monetary Easing: 150bps Down, 150bps To Go.  // Emerging Europe Monitor: Central Europe & Baltic States;Mar2009, Vol. 16 Issue 3, p1 

    The article discusses an economic outlook for Poland for 2009. It is predicted that a further 150 basis points (BPS) cut will be implemented as the National Bank of Poland slashed its key policy rate by 75bps. Cooling of domestic demand is expected to bring down headline inflation and that the...

  • Poland. Wiegert, Ralf // Poland Country Monitor;Feb2007, p57 

    The article offers forecast on the economic and political condition of Poland. It predicts the National Bank of Poland to continue defending the zloty's free-floating system until the entry of the country into the European Exchange Rate Mechanism II (ERM-II). It projects that consumer confidence...

  • Poland: Further Monetary Easing.  // Emerging Markets Monitor;6/29/2009, Vol. 15 Issue 13, p13 

    The article presents an outlook for Poland's monetary policy as of June 2009. A decision was made by the National Bank of Poland (NBP) to reduce 25 basis points off the reference rate at its June 24, 2009 monetary policy meeting. The move puts the main policy rate now at 3.50 percent. It is...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics