interest rates

Kaczyński says banks must make deposits more attractive

"I don't want to make decisions for the bankers, but it must be a meaningful interest, not at the inflation level, but for the people to feel that their money is losing much less when it is deposited with a bank," Kaczyński said. Artur Reszko/PAP

Banks may face an additional tax on their profits if they fail to raise interest rates on deposits amid high inflation, said Jarosław Kaczyński, leader of Poland's ruling party Law and Justice (PiS).

Goldman Sachs predicts 75-bps interest rate hike in July

Analysts at investment bank Goldman Sachs (GS) have predicted a 75-basis point increase in interest rates at the next sitting of Poland's Monetary Policy Council (RPP), scheduled for July 7.

Poland likely to start cutting interest rates at end-2023

The governor of Poland's central bank has announced that Poland seems to be getting closer to the end of the monetary policy tightening cycle rather than to its beginning.

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

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.

Gov't to promote fixed-rate mortgages

The Polish government will try to increase the popularity of fixed-rate mortgages to prevent shocks for borrowers when interest rates rise, the development and technology minister has said.

Central bank will likely continue rate-hike cycle says governor

The National Bank of Poland's (NBP) rate-setting body is likely to continue its cycle of interest rate hikes until it makes sure inflation is going down permanently, the NBP governor has said.

Government to offer support to Polish borrowers PM says

Mateusz Morawiecki, the Polish prime minister, has unveiled government's plan aimed at helping borrowers amid raising interest rates.

Interest rate hikes to continue says MPC member

Poland's rate-setting Monetary Policy Council (MPC) will likely continue to raise interest rates on a monthly basis, without breaks, Ludwik Kotecki, a member of the council, has said.

Central bank governor sees GDP growth slowing in 2023

Poland's economic growth rate will fall in 2023 to around 3 percent, the National Bank of Poland (NBP) governor said on Friday.

Central bank to continue raising rates till inflation drops permanently

The Monetary Policy Council (RPP) of the National Bank of Poland (NBP) will continue to raise interest rates until it is sure that inflation has permanently reduced, the NBP's governor said on Friday.

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