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).
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.
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.
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.
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.
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.
Mateusz Morawiecki, the Polish prime minister, has unveiled government's plan aimed at helping borrowers amid raising interest rates.
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.
Poland's economic growth rate will fall in 2023 to around 3 percent, the National Bank of Poland (NBP) governor said on Friday.
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.