The head of Poland’s Supreme Court has said that EU regulations cannot undermine constitutional principles which have always been set in the Polish legal system.
The Monetary Policy Council (RPP) at its one-day meeting on Wednesday in a surprise move hiked Poland's reference interest rate from by 40 bps to 0.50 percent.
Poland is facing a raise of its record-low interest rates, Adam Glapiński, the central bank's governor, told an economic congress on Tuesday.
Most of Poland’s Monetary Policy Council (RPP) believes interest rate hikes will be possible only after the economic insecurity caused by the Covid-19 pandemic has died down.
Poland's reference interest rate will remain at 0.10 percent, the country's Monetary Policy Council (RPP) said in a statement after a meeting on Wednesday.
Poland's reference interest rate will remain at 0.10 percent, the country's Monetary Policy Council (RPP) said in a statement after a meeting on Thursday.
The Polish central bank will start raising its record-low interest rates when inflation, which is above 4 percent now, starts to be driven by domestic demand, the governor of the National Bank of Poland (NBP) has said.
Poland's inflation rate should decline from above 4 percent to 3-3.5 percent this year and to 3 percent in 2022, the finance minister has said.
The National Bank of Poland (NBP) will consider reversing its low interest rates policy no earlier than in mid-2022, the NBP governor has said, defying calls to raise the rates amid record-high inflation.