Wages in the Polish economy are likely to increase by 10.8 percent on average this year and by 9.4 percent in 2023, according to a central bank official.
The 2022 annual inflation rate in Poland will come to 14.2 percent, will fall to 12.3 percent in 2023, and to 4.1 percent in 2024, according to a new central bank report.
Andrzej Duda, the Polish president, is outraged by the words of the leader of the main opposition party Civic Platform (PO), Donald Tusk, who said that he would lead the central bank governor out of office, a presidential aide said on Sunday.
Poland's core inflation, excluding the prices of food and energy, measured 8.5 percent year on year in May 2022, up from 7.7 percent in April, the National Bank of Poland (NBP) said on Friday.
An increased demand for Polish goods and services has been the main growth engine for Poland's exports in April, according to a government think-tank expert.
The National Bank of Poland (NBP) paid out PLN 10.4 billion (EUR 2.22 billion), or 95 percent of its annual profit in 2021, into the state budget, the NBP said in a news release on Wednesday.
A banknote depicting Poland's late president, Lech Kaczynski, has won the Best New Commemorative Banknote award for 2021, the National Bank of Poland (NBP), the issuer of the note, has said.
Poland's Consumer Price Index (CPI) will significantly exceed the central bank's target for the next three years and will likely hit a peak of 15.8 percent, year on year, in August 2022, according to a report published by a leading economic think tank on Tuesday.
The Polish banking sector has remained highly resilient, with mortgages denominated in foreign currency being its only threat, shows a report by the central bank.
The Monetary Policy Council (RPP), the Polish central bank's rate-setting body, increased the reference interest rate by 75 basis points (bps) to 6.00 percent on Wednesday.
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