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Poland's central bank raises reference interest rate by 75 bps

The National Bank of Poland's Lombard rate was also raised from 5.0 percent to 5.75 percent, the rediscount rate from 4.55 percent to 5.30 percent, and the discount rate from 4.6 percent to 5.35 percent. Rafał Guz/PAP

The Monetary Policy Council (RPP), the Polish central bank's rate-setting body, increased the reference interest rate by 75 basis points (bps) to 5.25 percent on Thursday.

Polish banker says EU should help Ukrainian refugees open bank accounts

The European Union should create a fund enabling Ukrainian refugees to exchange a small amount of Ukrainian hryvnia (UAH) to euros, a former governor of Poland's largest bank has said.

Poland's central bank intervenes on FX market to prop up falling zloty

The National Bank of Poland resorted to selling foreign currencies on Tuesday in an emergency move as the Polish zloty slid to its lowest level against the US dollar in two decades over the Ukraine crisis.

Central bank to support PLN to help curb inflation

Poland's central bank will help strengthen the Polish zloty (PLN) as appreciation of the domestic currency would help curb inflation, Monetary Policy Council (MPC) member Rafał Sura has told PAP.

Letter late than never: Commemorative Euro note issued to celebrate 100th birthday of Wrocław Post Office museum

The museum was first opened on January 25th 1921 but the centenary celebrations were delayed due to COVID restrictions, now the museum is once again open to the public.

EUR 27.9 bln invested in Poland's special economic zones in 2018

By the end of 2018, nearly PLN 119.2 billion (EUR 27.9 bln) was invested in special economic zones since their establishment, the capital invested there came from Poland, Germany, the Netherlands, Luxembourg and the USA, the Entrepreneurship Ministry said.

Top 5 articles:

  • The systematic massacre of all children under 10 will forever be a stain on humanity, says TFN’s Stuart Dowell
  • Over 100,000 slaughtered with axes, pitchforks, scythes and knives: The Wołyń massacre started 76 years ago today and lasted for two years
  • Mayor offers reward to first couple to have a boy in village where only girls are born
  • It’s official! Kraków is the best place in Europe for food, says European Academy of Gastronomy
  • Poland in COVID-19 LOCKDOWN! PM orders bars, restaurants, shopping centres and borders closed - and cancels ALL flights
Business | Life | Ukraine

Russia’s war on Ukraine has had a profound impact on the Polish job market as over 100k Ukrainian women join workforce

The huge influx of women from Ukraine has had a profound impact on Poland’s labour market. TFN’s Jo Harper spoke to some of those looking for work and those involved in trying to help them.

The first report:

  • Parliament votes for Poland leaving Soviet-era bank after Russian invasion
  • 'Milestones' of Poland's National Recovery Plan agreed with EC says PM
  • Defense minister signs letter of request for more rocket launchers
  • Birth rate crashes in Poland
  • Solidarity movement caused 'butterfly effect' says PM at anniversary

Exclusive

Four tonnes of Nazi gold found in buried 18th century palace canister, say WWII treasure hunters

Measuring between 1.3 to 1.5 metres long and 50cm in depth, the cylindrical metal canister was found in the conservatory of an 18th century palace used by Hitler’s SS as a brothel.

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