National Bank of Poland (NBP)

Fears for zloty outweigh calls for cuts

The National Bank of Poland opted for a smaller-than-expected cut on Wednesday in a bid to maintain the value of the zloty. The move reflects the mounting concern among central and eastern European countries that marked currency depreciations could…

Polish PM finally approves deputy nomination

Donald Tusk, Poland's prime minister, will give the nod to Witold Kozinski to become a deputy president at the country's central bank despite earlier misgivings regarding the economist's stance on currency intervention.

Poland keeps an eye on growth

The National Bank of Poland decided to keep the key interest rates unchanged after a notion of a 25 basis points rise did not pass, the minutes of the April monetary policy council meeting show.

Poland targets ERM-2 by 2011

Marian Noga, a member of the ten-strong council of the Polish central bank, said on Monday that Poland should join the ERM-2 exchange rate mechanism in 2011.

Poland looking to join ERM2, says Skrzypek

Poland will be able to cut its general government deficit to below 3% of GDP by 2009, as pledged by the government, which would allow it to join the exchange rate mechanism ERM2 the same year, deems National Bank of Poland (NBP) governor Slawomir…

Poland increases rates

The National Bank of Poland decided Wednesday to hike interest rates by a quarter despite inflation remaining below the central bank's target rate. The benchmark reference rate is now 4.75%.

Polish governor on inflation, euro entry

Polish inflation is under control and the immediate outlook does not give the National Bank much cause for concern, the central bank's governor, Slawomir Skrzypek, said on 15 June.

Fake Polish euros on sale on the internet

Fake sets of "collectors'" Polish euro coins are being sold on the internet, according to AFP. The "sample Polish Euros" were quickly dismissed by the National Bank of Poland who pointed out that it did not distribute such coins.

Balcerowicz urges fiscal reform in Poland

Polish central bank governor Leszek Balcerowicz has urged the government to undertake serious fiscal reform measures, according to Deutsche Presse-Agentur. If Poland is to avoid repeating Argentina's mistakes, there is a simple choice: "Either tolerance…

'Arch-dove' proposed to Poland's monetary council

Poland's ruling SLD party has named current Deputy Finance Minister Jan Czekaj as its candidate to fill the vacancy on the national bank's interest rate-setting Monetary Policy Council (RPP), according to an Interfax report. The Polish government has…

Poland's Balcerowicz: State finances must improve

President Leszek Balcerowicz of the Polish National Bank told Polish radio that radical improvements must be made to the country's state finances. He said with public finances in poor health, a fast and uninterrupted economic growth will not be possible.

Polish Fin Min wants c bank help on foreign debt

Poland's finance ministry is seeking funds from the national bank at a preferential rate to use to repay part of Poland's foreign debt, so-called Brady bonds, according to Polish News Bulletin. Leszek Balcerowicz, president of the NBP, did not comment on…

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