06-10-2022
Rates on hold, but probably not at the peak (503.5 kB PDF)
05-10-2022
How much will the MPC hike rates? (492.0 kB PDF)
04-10-2022
PMI rose, but remains in contraction territory (491.7 kB PDF)
03-10-2022
Inflation keeps climbing (478.0 kB PDF)
30-09-2022
CPI inflation likely to rise further (474.7 kB PDF)
29-09-2022
Bank of England intervened (469.0 kB PDF)
28-09-2022
USDPLN above 5.00 (465.6 kB PDF)
27-09-2022
OECD cuts global growth forecasts (387.3 kB PDF)
26-09-2022
Recession looming in the euro zone (467.0 kB PDF)
23-09-2022
SNB ends negative interest rate period (323.4 kB PDF)
22-09-2022
Fed hikes rates by 75bp (410.4 kB PDF)
21-09-2022
PLN weaker ahead of FOMC and on news from Russia (315.1 kB PDF)
20-09-2022
Polish corporate wages in focus (311.3 kB PDF)
19-09-2022
EC recommends blocking EU funds to Hungary (317.7 kB PDF)
16-09-2022
Energy freeze will lower inflation peak (465.4 kB PDF)
15-09-2022
Final inflation data today (448.5 kB PDF)
14-09-2022
A rash of election promises (459.4 kB PDF)
13-09-2022
Balance of payments data today (451.0 kB PDF)
12-09-2022
Dual opinions in the MPC (450.0 kB PDF)
09-09-2022
Optimism about growth and reluctance to increase (549.2 kB PDF)
08-09-2022
ECB likely to beat MPC hike (535.5 kB PDF)
07-09-2022
MPC decides on rates and is more likely to raise them (786.2 kB PDF)
06-09-2022
Pessimism grows in European service sector (580.8 kB PDF)
05-09-2022
Nord Stream 1 halted again (581.4 kB PDF)
02-09-2022
Day with US data (427.1 kB PDF)
01-09-2022
CPI inflation surprising to the upside again (475.5 kB PDF)
31-08-2022
August CPI in focus (384.5 kB PDF)
30-08-2022
MNB deciding on interest rates (381.3 kB PDF)
29-08-2022
Fed chair more hawkish, NBP chair not really (401.7 kB PDF)
26-08-2022
Waiting for the Jackson Hole message (306.6 kB PDF)
25-08-2022
Unemployment the lowest on record (300.8 kB PDF)
24-08-2022
Results of companies are worsening (303.2 kB PDF)
23-08-2022
Another weak economic data (302.0 kB PDF)
22-08-2022
Data seem good, but cannot dispel recession fears (302.0 kB PDF)
19-08-2022
Consumers increasingly depressed (484.7 kB PDF)
18-08-2022
GDP contraction exceeded expectations (469.2 kB PDF)
17-08-2022
Is this the beginning of recession? (496.0 kB PDF)
16-08-2022
Surprising export rebound (489.6 kB PDF)
12-08-2022
Inflation and balance of payments today (454.3 kB PDF)
11-08-2022
US inflation below forecast (452.8 kB PDF)
10-08-2022
Real wages falling at record pace (468.7 kB PDF)
09-08-2022
Crops may be higher despite the drought (447.2 kB PDF)
08-08-2022
Yields abroad higher, in Poland lower (460.0 kB PDF)
05-08-2022
US labour market data today (407.5 kB PDF)
04-08-2022
Czech National Bank in focus (517.6 kB PDF)
03-08-2022
OPEC+ to decide on oil output (484.8 kB PDF)
02-08-2022
PMI confirms slowdown (479.3 kB PDF)
01-08-2022
CPI inflation stabilised (479.9 kB PDF)
29-07-2022
US in technical recession, Polish inflation may fall (511.4 kB PDF)
28-07-2022
Fed raises rates but abandons forward guidance (501.0 kB PDF)
27-07-2022
Another day, another rate hike (503.4 kB PDF)
26-07-2022
Hungarians to decide on rates again (496.0 kB PDF)
25-07-2022
Fitch confirms Poland's rating (508.5 kB PDF)
22-07-2022
ECB started the cycle with 50bp move (455.1 kB PDF)
21-07-2022
ECB decision in the spotlight (458.2 kB PDF)
20-07-2022
Zloty stronger before the ECB meeting (447.9 kB PDF)
19-07-2022
Core inflation rose again (589.3 kB PDF)
18-07-2022
Forward guidance on a pier (581.5 kB PDF)
15-07-2022
Differences of opinion in the MPC (828.5 kB PDF)
14-07-2022
US inflation above forecasts (721.8 kB PDF)
13-07-2022
NBP projection pushed up yields (723.6 kB PDF)
12-07-2022
Dollar close to breaking parity to euro (710.6 kB PDF)
11-07-2022
End of cycle near, but not prejudged (711.9 kB PDF)
08-07-2022
MPC hiked rates by less than previously (283.1 kB PDF)
07-07-2022
Time for a hike (482.7 kB PDF)
06-07-2022
Domination of the dollar (311.7 kB PDF)
05-07-2022
Markets quiet during the US holiday (272.7 kB PDF)
04-07-2022
Strong decline of Polish PMI, yields followed suit (277.9 kB PDF)
01-07-2022
June’s CPI and PMI today (467.7 kB PDF)
30-06-2022
Inflation in Europe surprising both ways (508.1 kB PDF)
29-06-2022
Surprizing size of rate hike in Hungary (453.2 kB PDF)
28-06-2022
Yields up again (506.2 kB PDF)
27-06-2022
Bond yields’ freefall halted (502.7 kB PDF)
24-06-2022
Consumer confidence collapsed (512.6 kB PDF)
23-06-2022
Another day of a strong decline in yields (498.2 kB PDF)
22-06-2022
Weaker domestic data, new round today (499.9 kB PDF)
21-06-2022
Today important domestic data (428.6 kB PDF)
20-06-2022
Core inflation not losing momentum (500.2 kB PDF)
17-06-2022
PLN battered by the central banks (592.9 kB PDF)
15-06-2022
Broad upward tendencies in CPI (211.5 kB PDF)
15-06-2022
Today Fed and extraordinary ECB meeting (274.4 kB PDF)
14-06-2022
Polish currency and bonds taking a hit (508.6 kB PDF)
13-06-2022
More rate hikes needed (283.7 kB PDF)
10-06-2022
EBC heralds rate hikes, NBP the end of cycle (435.3 kB PDF)
09-06-2022
NBP rate hike to 6% did not end the cycle (453.6 kB PDF)
08-06-2022
Awaiting the MPC (709.6 kB PDF)
07-06-2022
Polish bonds do not lose with core markets (507.0 kB PDF)
06-06-2022
US labour market encourages to hike rates (502.5 kB PDF)
03-06-2022
Recovery fund payments after meeting conditions (479.5 kB PDF)
02-06-2022
Recovery Plan approved (536.9 kB PDF)
01-06-2022
Today PMIs in manufacturing (664.3 kB PDF)
31-05-2022
How high did inflation go? (522.9 kB PDF)
30-05-2022
Today CPI in Germany, tomorrow in Poland (451.4 kB PDF)
27-05-2022
Check of US consumers’ confidence (345.8 kB PDF)
26-05-2022
Rate hike expectations are growing again (283.2 kB PDF)
25-05-2022
Zloty steadily getting stronger (519.1 kB PDF)
24-05-2022
Not all Polish data look rosy (507.3 kB PDF)
23-05-2022
Strength of April’s data (493.5 kB PDF)
20-05-2022
Important Polish data today (279.8 kB PDF)
19-05-2022
HICP inflation chases CPI inflation (275.9 kB PDF)
18-05-2022
Polish GDP beats forecasts again (472.6 kB PDF)
17-05-2022
Polish core inflation sets new records (288.3 kB PDF)
16-05-2022
European Commission’s spring forecasts (285.2 kB PDF)
13-05-2022
NBP president appointed for the second term (500.2 kB PDF)
12-05-2022
New president in CNB, old one in NBP? (427.8 kB PDF)
11-05-2022
CEE inflation above forecasts (438.6 kB PDF)
10-05-2022
Today CPI in CEE region (479.6 kB PDF)
09-05-2022
Glapiński showed his recipe for rate hikes (416.6 kB PDF)
06-05-2022
MPC raised interest rates by 75bp (500.0 kB PDF)
05-05-2022
Fed hiked rates by 50bp, MPC will do more (550.4 kB PDF)
04-05-2022
Europe readies embargo on Russian oil (452.3 kB PDF)
29-04-2022
April’s CPI key for MPC decision (439.7 kB PDF)
28-04-2022
Hungary closer to EU funds freeze (450.3 kB PDF)
27-04-2022
Russia holds gas supplies (509.9 kB PDF)
26-04-2022
Another weakening of monetary transmission (511.0 kB PDF)
25-04-2022
Strong ending of the first quarter (510.1 kB PDF)
22-04-2022
Economic growth and inflation to rise even more (433.5 kB PDF)
22-04-2022
Set of strong March data for Poland (277.6 kB PDF)
21-04-2022
MPC’s Litwiniuk warns about high inflation (273.1 kB PDF)
20-04-2022
Core CPI did not reach 7% but still record high (272.6 kB PDF)
19-04-2022
Will core CPI reach 7%? (273.8 kB PDF)
15-04-2022
Today details of March CPI (494.1 kB PDF)
14-04-2022
NBP governor one step closer to re-election (484.3 kB PDF)
13-04-2022
Deeper deficit on the current account (484.4 kB PDF)
12-04-2022
Inflation from USA and Germany incoming (411.7 kB PDF)
11-04-2022
France delivering some uncertainty (473.1 kB PDF)
08-04-2022
MPC wants to keep hiking rates (458.9 kB PDF)
07-04-2022
Terminal interest rate going up (451.2 kB PDF)
06-04-2022
Another interest rate hike today (513.6 kB PDF)
05-04-2022
Markets less volatile (427.6 kB PDF)
04-04-2022
Orban stays in power in Hungary (510.5 kB PDF)
01-04-2022
Polish inflation may reach 10 percent (287.3 kB PDF)
31-03-2022
Poland wants to ban Russian hydrocarbons (279.0 kB PDF)
30-03-2022
Signals from Istanbul supported the markets (276.7 kB PDF)
29-03-2022
Cheaper oil made the markets calmer (273.1 kB PDF)
28-03-2022
More worries about inflation and stagnation (275.6 kB PDF)
25-03-2022
Santander Eyeopener - Corrections in PIT (522.8 kB PDF)
24-03-2022
Lawmakers to deal with the rule of law (509.3 kB PDF)
23-03-2022
Big minus in central budget in February (510.9 kB PDF)
22-03-2022
Weak start of the week for bonds (423.8 kB PDF)
21-03-2022
New February’s data today (496.3 kB PDF)
18-03-2022
USD weaker after Fed, dovish hike from BoE (519.9 kB PDF)
17-03-2022
Fed started cycle with 25bp rate hike (503.2 kB PDF)
16-03-2022
Today Fed will consider the first rate hike (508.5 kB PDF)
15-03-2022
Inflation likely to fall, but not for long (412.0 kB PDF)
14-03-2022
The waiting day (497.2 kB PDF)
11-03-2022
ECB cuts asset purchases faster (275.1 kB PDF)
10-03-2022
Santander Eyeopener - MPC determined to fight inflation (278.3 kB PDF)
09-03-2022
MPC raised rates by 75bp (276.0 kB PDF)
08-03-2022
EURPLN the highest ever (360.1 kB PDF)
07-03-2022
Another difficult week ahead (493.6 kB PDF)
04-03-2022
Risk aversion continues, zloty pressured (289.2 kB PDF)
03-03-2022
Powell supporting a smaller hike in March (460.1 kB PDF)
02-03-2022
NBP intervened on the FX market (537.8 kB PDF)
01-03-2022
CEE currencies under pressure (528.9 kB PDF)
28-02-2022
New sanctions against Russia (518.9 kB PDF)
25-02-2022
Markets keep focusing on Ukraine (537.1 kB PDF)
24-02-2022
Russia attacked Ukraine (286.5 kB PDF)
23-02-2022
Business climate indicators improving (528.7 kB PDF)
22-02-2022
Rising tension in the east (509.7 kB PDF)
21-02-2022
Industrial output surged, today next data (513.6 kB PDF)
18-02-2022
Today a set of data from Poland (522.3 kB PDF)
17-02-2022
Some chance for an agreement with the EU (524.7 kB PDF)
16-02-2022
Conditionality mechanism standing trial (522.2 kB PDF)
15-02-2022
Is Polish inflation to surprise to the upside? (450.2 kB PDF)
14-02-2022
Rising worries about escalating conflict (505.6 kB PDF)
11-02-2022
European Commision upbeat on Poland (428.7 kB PDF)
10-02-2022
Zloty stronger after NBP conference (489.2 kB PDF)
09-02-2022
MPC did not change the pace of hikes (483.3 kB PDF)
08-02-2022
MPC decision day (496.8 kB PDF)
07-02-2022
Strong US labour market despite pandemic (486.2 kB PDF)
04-02-2022
The ECB does not say no to hikes (552.5 kB PDF)
03-02-2022
NBP governor wants PLN to help lower inflation (540.1 kB PDF)
02-02-2022
Companies optimistic in 1Q but worries grow (540.0 kB PDF)
01-02-2022
Solid GDP growth, consumption disappointed (532.9 kB PDF)
31-01-2022
Today GDP data from 2021 (516.0 kB PDF)
28-01-2022
Stronger dollar and CEE currencies (286.2 kB PDF)
27-01-2022
Fed to raise rates soon (284.7 kB PDF)
26-01-2022
Markets quieter ahead of the Fed (285.9 kB PDF)
25-01-2022
PLN weaker despite rising rate hike expectations (282.8 kB PDF)
24-01-2022
Glapinski wants more hikes than market expects (288.7 kB PDF)
21-01-2022
The growing decline on US stock exchanges (273.0 kB PDF)
20-01-2022
Bund at zero percent (270.9 kB PDF)
19-01-2022
Stronger US dollar, cheaper US bonds (267.4 kB PDF)
18-01-2022
All core inflation measures went up (274.0 kB PDF)
17-01-2022
CPI inflation at a local peak (280.0 kB PDF)
14-01-2022
Final inflation data today (560.1 kB PDF)
13-01-2022
US inflation jumps again (553.5 kB PDF)
12-01-2022
Government fighting higher CPI with lower VAT (541.9 kB PDF)
11-01-2022
Higher yields undermine the stock market (459.3 kB PDF)
10-01-2022
CPI inflation above forecasts again (542.1 kB PDF)
05-01-2022
Interest rates higher by 50bp again (523.6 kB PDF)
04-01-2022
Strong PMIs in Poland and CEE region (515.1 kB PDF)
03-01-2022
Happy New Year (502.0 kB PDF)
23-12-2021
Merry Christmas! (280.8 kB PDF)
22-12-2021
Strong data for November (507.3 kB PDF)
21-12-2021
Polish manufacturing in strong expansion (507.4 kB PDF)
20-12-2021
Electricity and gas prices will boost inflation (515.9 kB PDF)
17-12-2021
Core inflation keeps going up (293.6 kB PDF)
16-12-2021
Markets calm despite Fed’s more hawkish tone (287.6 kB PDF)
15-12-2021
FOMC decision day (526.6 kB PDF)
14-12-2021
Interest rate hike in Hungary expected today (429.3 kB PDF)
13-12-2021
US inflation higher, as expected (425.7 kB PDF)
10-12-2021
Hiking cycle not over (518.3 kB PDF)
09-12-2021
MPC chasing the region (458.4 kB PDF)
08-12-2021
Zloty even more strong before MPC meeting (453.9 kB PDF)
07-12-2021
Improved risk apetite at the start of the week (511.5 kB PDF)
06-12-2021
Low labour supply in the US (507.8 kB PDF)
03-12-2021
Fed wants to speed up policy normalisation (287.4 kB PDF)
02-12-2021
Inflation is not temporary after all (284.4 kB PDF)
01-12-2021
NBP chief sees room for rate hikes (535.3 kB PDF)
30-11-2021
High German inflation, today the Polish reading (279.4 kB PDF)
29-11-2021
New Covid strain caused risk aversion (274.4 kB PDF)
26-11-2021
Government presented the Anti-inflation Shield (493.8 kB PDF)
25-11-2021
Zloty supported by NBP president (539.6 kB PDF)
24-11-2021
October data keep surprising to the upside (523.3 kB PDF)
23-11-2021
Industrial output above forecasts (520.8 kB PDF)
22-11-2021
Zloty in dire straits (508.5 kB PDF)
19-11-2021
Further retreat from the zloty and POLGBs (439.2 kB PDF)
18-11-2021
Zloty still under pressure (434.5 kB PDF)
17-11-2021
Core inflation climbed the highest in 20 years (518.4 kB PDF)
16-11-2021
Inflation in October confirmed at 6.8% (508.4 kB PDF)
15-11-2021
GDP above forecast, but zloty weaker (280.3 kB PDF)
10-11-2021
Inflation day for the US, Germany, Czechia (269.6 kB PDF)
09-11-2021
NBP projection might have underestimated CPI (269.1 kB PDF)
08-11-2021
NBP head on CPI and interest rates prospects (269.6 kB PDF)
05-11-2021
CNB raised bar for rate hikes (479.8 kB PDF)
04-11-2021
“Whatever it takes”, Polish edition (546.9 kB PDF)
03-11-2021
What will the MPC do? (541.8 kB PDF)
02-11-2021
Market awaiting MPC decision (541.2 kB PDF)
29-10-2021
ECB admits inflation might be higher for longer (526.7 kB PDF)
28-10-2021
Yields lower ahead of the ECB meeting (511.0 kB PDF)
27-10-2021
Increased military spending (518.0 kB PDF)
26-10-2021
Ifo points to supply challenges (516.6 kB PDF)
25-10-2021
More hints about hikes in the US in 2022 (505.5 kB PDF)
22-10-2021
MPC less eager to tighten than market assumes (287.4 kB PDF)
21-10-2021
Solid output growth despite input shortages (290.3 kB PDF)
20-10-2021
Weakening employment growth (287.2 kB PDF)
19-10-2021
Core inflation approaches the 2020 top (272.2 kB PDF)
18-10-2021
High inflation revised even higher (271.9 kB PDF)
15-10-2021
Current account balance below expectations (527.1 kB PDF)
14-10-2021
FOMC wants to start tapering in November (419.9 kB PDF)
13-10-2021
Sell-off of Polish T-bonds (419.8 kB PDF)
12-10-2021
Oil price highest in three years (514.7 kB PDF)
11-10-2021
Zloty weaker again (409.2 kB PDF)
08-10-2021
More hikes likely, but not every month (557.3 kB PDF)
07-10-2021
Out of the blue sky (479.9 kB PDF)
06-10-2021
NBP governor heralds withdrawal of policy accommodation (530.5 kB PDF)
05-10-2021
Rates market convinced hikes coming soon (512.4 kB PDF)
04-10-2021
Inflation surprises to the upside, again (528.7 kB PDF)
01-10-2021
Melting current account surplus (439.6 kB PDF)
30-09-2021
Pause in bonds seloff (437.8 kB PDF)
29-09-2021
Market selloff continues (511.4 kB PDF)
28-09-2021
Unannounced MPC meeting (422.1 kB PDF)
27-09-2021
No market reaction to German elections so far (445.6 kB PDF)
24-09-2021
Inflation not letting go (445.4 kB PDF)
24-09-2021
Bond sell-off on core markets (281.9 kB PDF)
23-09-2021
Fed is moving towards policy normalisation (280.0 kB PDF)
22-09-2021
Decision day for FOMC and Constitutional Court (285.0 kB PDF)
21-09-2021
Worse mood on stock markets (281.1 kB PDF)
20-09-2021
Employment again below expectations (279.1 kB PDF)
17-09-2021
Core inflation climbing higher (515.1 kB PDF)
16-09-2021
Inflation surprised again in August (503.8 kB PDF)
15-09-2021
US inflation below forecasts (403.8 kB PDF)
14-09-2021
Current account surprised with higher deficit (503.6 kB PDF)
13-09-2021
Another inflation surprise in CEE region (489.9 kB PDF)
10-09-2021
November rate hike undermined, not ruled out (435.7 kB PDF)
09-09-2021
Interest rates unchanged after long discussion (506.7 kB PDF)
08-09-2021
MPC unlikely to change tone after holidays (428.7 kB PDF)
07-09-2021
Zloty weakened by the NBP governor’s article (491.9 kB PDF)
06-09-2021
Too early to withdraw accomodation (427.3 kB PDF)
03-09-2021
Important US data today (477.5 kB PDF)
02-09-2021
Polish PMI below expectations (536.0 kB PDF)
01-09-2021
Zloty boosted by solid data (546.0 kB PDF)
31-08-2021
Today CPI and GDP (507.4 kB PDF)
30-08-2021
Powell: rates will not go up this year (512.4 kB PDF)
27-08-2021
Eyes on Fed governor’s speech (438.3 kB PDF)
26-08-2021
Stabilisation ahead of Jackson Hole (443.0 kB PDF)
25-08-2021
2022 budget with moderate deficit (498.7 kB PDF)
24-08-2021
Record-high profits of Polish firms (503.7 kB PDF)
23-08-2021
Polish data this time slightly below forecast (503.5 kB PDF)
20-08-2021
PPI growth beats expectations again (539.2 kB PDF)
19-08-2021
Stronger dollar post FOMC minutes (521.6 kB PDF)
18-08-2021
Market nervous, dollar stronger (517.4 kB PDF)
17-08-2021
Today important data from the US (518.6 kB PDF)
16-08-2021
Week rich in Polish macroeconomic data (513.3 kB PDF)
13-08-2021
Today important data from Poland (426.6 kB PDF)
12-08-2021
Minority government without Porozumienie (430.2 kB PDF)
11-08-2021
Deputy PM Gowin to be dismissed (430.4 kB PDF)
10-08-2021
Today inflation data in CEE (411.4 kB PDF)
09-08-2021
Strong US labour market data (413.7 kB PDF)
06-08-2021
Czechia continues hiking rates (467.3 kB PDF)
05-08-2021
Broad investment enthusiasm (538.1 kB PDF)
04-08-2021
Markets idle (518.3 kB PDF)
03-08-2021
Most of manufacturing PMIs lower in July (532.2 kB PDF)
02-08-2021
Inflation at five percent (523.3 kB PDF)
30-07-2021
A good day for EM currencies (519.0 kB PDF)
29-07-2021
FOMC does not want to scary with tapering (509.7 kB PDF)
28-07-2021
Hungary fighting the rising price pressure (515.0 kB PDF)
27-07-2021
Weak data abroad, zloty losing again (513.2 kB PDF)
26-07-2021
Week strong in data from abroad (419.0 kB PDF)
23-07-2021
ECB rate hikes are very distant (524.0 kB PDF)
22-07-2021
Today the ECB is to change its forward guidance (510.8 kB PDF)
21-07-2021
Today retail sales and construction output (514.8 kB PDF)
20-07-2021
Today industrial output and PPI (508.1 kB PDF)
19-07-2021
Today labour market data (516.9 kB PDF)
16-07-2021
Core inflation lowest in more than a year? (501.5 kB PDF)
15-07-2021
Lower current account surplus (511.7 kB PDF)
14-07-2021
US inflation surprised to the upside (489.4 kB PDF)
13-07-2021
NBP forecasts support policy normalisation (397.2 kB PDF)
12-07-2021
Three conditions to tighten (467.7 kB PDF)
09-07-2021
NBP projection supportive for rate hikes (509.8 kB PDF)
08-07-2021
Fed may start tapering earlier (439.4 kB PDF)
07-07-2021
Worsening market moods (426.7 kB PDF)
06-07-2021
Oil price keeps rising (569.9 kB PDF)
05-07-2021
NBP governor did not rule out rate hike in 2021 (413.2 kB PDF)
02-07-2021
Polish manufacturing PMI at all time high (434.1 kB PDF)
01-07-2021
Inflation below expectations (528.2 kB PDF)
30-06-2021
Great moods among European corporates (505.9 kB PDF)
29-06-2021
Dollar stronger amid lower UST yields (387.1 kB PDF)
28-06-2021
Slow start of the week (485.8 kB PDF)
25-06-2021
Corporate credit still flat, strong mortgage loans (280.4 kB PDF)
24-06-2021
Business sentiment in Europe is great (274.1 kB PDF)
23-06-2021
Powell stresses transitory nature of inflation (273.0 kB PDF)
22-06-2021
Mild correction (279.5 kB PDF)
21-06-2021
Markets are still digesting the Fed message (272.1 kB PDF)
18-06-2021
Strong dollar bad for CEE currencies (518.8 kB PDF)
17-06-2021
Fed signals earlier possible rate hike (493.3 kB PDF)
16-06-2021
Inflation tad lower yet still very high (510.6 kB PDF)
15-06-2021
Very good foreign trade data (524.5 kB PDF)
14-06-2021
Russia hikes rates, NBP seemingly dovish (412.9 kB PDF)
11-06-2021
US inflation up (511.1 kB PDF)
10-06-2021
MPC's stoic calm (491.8 kB PDF)
09-06-2021
What is MPC’s take on higher inflation? (430.3 kB PDF)
08-06-2021
Unemployment rate almost at last year’s level (489.2 kB PDF)
07-06-2021
US data supported equities and currencies (488.8 kB PDF)
04-06-2021
Dollar supported by strong US data (278.7 kB PDF)
02-06-2021
Record high PMI, inflation highest in a decade (284.1 kB PDF)
01-06-2021
Consumption and investment up year-on-year (275.6 kB PDF)
31-05-2021
Business sentiment still rising (278.9 kB PDF)
28-05-2021
Bond yields keep rising (442.8 kB PDF)
27-05-2021
Inflation expectations at 2-year low (530.3 kB PDF)
26-05-2021
Downside bond yield correction continues (276.3 kB PDF)
25-05-2021
Production and sales close to expectations (521.4 kB PDF)
24-05-2021
PPI and construction output above forecast (521.7 kB PDF)
21-05-2021
Equities rebound, złoty’s tipping point (534.3 kB PDF)
20-05-2021
Zloty stable despite equities sell-off (443.2 kB PDF)
19-05-2021
Markets still quiet (522.6 kB PDF)
18-05-2021
POLGBs sell-off continues (528.7 kB PDF)
17-05-2021
Decent Q1 GDP growth, markets price in hikes (523.1 kB PDF)
14-05-2021
Today important domestic data (429.5 kB PDF)
13-05-2021
US inflation surprised to the upside (514.7 kB PDF)
12-05-2021
Verdict delayed, bond yields strongly up (423.8 kB PDF)
11-05-2021
Waiting for the Supreme Court (418.6 kB PDF)
10-05-2021
Markets under impact of US data (417.4 kB PDF)
07-05-2021
NBP governor Glapinski’s speech in the spotlight (294.1 kB PDF)
06-05-2021
MPC’s tough deliberations (544.6 kB PDF)
05-05-2021
Polish PMI met resistance (289.2 kB PDF)
04-05-2021
Inflation surprises to the upside (287.1 kB PDF)
30-04-2021
Higher yields have not helped the dollar (543.3 kB PDF)
29-04-2021
Fed not mulling tappering yet (520.0 kB PDF)
27-04-2021
New orders surge (517.6 kB PDF)
26-04-2021
Market mood positive after PMI readings (510.6 kB PDF)
23-04-2021
More positive data from March (515.1 kB PDF)
22-04-2021
Output and wages above forecasts (507.8 kB PDF)
21-04-2021
Today a lot of key domestic data (484.7 kB PDF)
20-04-2021
Some MPC members worried about inflation (496.2 kB PDF)
19-04-2021
Core inflation up again (493.9 kB PDF)
16-04-2021
Prices of goods started accelerating (520.9 kB PDF)
15-04-2021
Restrictions extended again (426.4 kB PDF)
14-04-2021
Another solid foreign trade data (524.0 kB PDF)
13-04-2021
Balance of payments data today (417.8 kB PDF)
12-04-2021
Zloty in NBP’s comfort zone (495.5 kB PDF)
09-04-2021
EURPLN falls further   (513.2 kB PDF)
08-04-2021
MPC has changed the statement, not approach (494.0 kB PDF)
07-04-2021
IMF assumes higher growth (412.8 kB PDF)
06-04-2021
Solid data from the US (268.7 kB PDF)
01-04-2021
Inflation surprised to the upside (425.5 kB PDF)
31-03-2021
Government announced faster vaccine rollout (501.3 kB PDF)
30-03-2021
The zloty weakening further (418.6 kB PDF)
29-03-2021
The Suez Canal almost cleared (406.3 kB PDF)
26-03-2021
Growing weakness of PLN (291.2 kB PDF)
26-03-2021
Zloty under pandemic pressure (192.7 kB PDF)
25-03-2021
Record high sentiment in European industry (267.2 kB PDF)
24-03-2021
Market turn (265.6 kB PDF)
23-03-2021
NBP to provide base for economic rebound (265.9 kB PDF)
22-03-2021
Stable assessment of Poland by Fitch (266.4 kB PDF)
19-03-2021
Disappointing production but plenty of PPI (291.2 kB PDF)
18-03-2021
Fed revises forecasts up (535.5 kB PDF)
17-03-2021
Market awaits FOMC (535.9 kB PDF)
16-03-2021
Polish yields down after lower CPI (518.8 kB PDF)
15-03-2021
Bond yields on the rise again (267.6 kB PDF)
12-03-2021
NBP following ECB’s footsteps (422.0 kB PDF)
11-03-2021
Awaiting the ECB (512.6 kB PDF)
10-03-2021
Today inflation in Czechia and USA (401.2 kB PDF)
09-03-2021
Dollar stronger again, zloty weaker (482.2 kB PDF)
08-03-2021
MPC unimpressed by the NBP projections (413.3 kB PDF)
05-03-2021
Today US non-farm payrolls (549.3 kB PDF)
04-03-2021
NBP forecasts revised higher (532.4 kB PDF)
03-03-2021
Today MPC meeting with new forecasts (522.0 kB PDF)
02-03-2021
Some stabilisation on the debt market (526.5 kB PDF)
01-03-2021
Debt markets keep selling off (516.2 kB PDF)
26-02-2021
Bond yields even higher (525.2 kB PDF)
25-02-2021
Today more data in the US (521.2 kB PDF)
24-02-2021
Powell calms the markets (522.6 kB PDF)
23-02-2021
Santander Eyeopener - Today labor market data (520.4 kB PDF)
22-02-2021
Santander Eyeopener - Today money supply data (520.3 kB PDF)
19-02-2021
MPC’s hawks spoke (560.4 kB PDF)
18-02-2021
Correction on stock and bond markets (549.4 kB PDF)
17-02-2021
Yields rise further (454.3 kB PDF)
16-02-2021
Poland CPI joins the global trend (530.2 kB PDF)
15-02-2021
Week of data, CPI today (444.3 kB PDF)
12-02-2021
EC: economic rebound stronger but later (262.9 kB PDF)
11-02-2021
Record rise of budget deficit in December (279.8 kB PDF)
10-02-2021
Inflation is growing abroad (266.7 kB PDF)
09-02-2021
IMF’s praise of support and further suggestions (285.8 kB PDF)
08-02-2021
NBP head excludes neither rate cuts nor hikes (287.7 kB PDF)
05-02-2021
Unemployment still under control (553.4 kB PDF)
04-02-2021
Monetary policy unchanged (543.9 kB PDF)
03-02-2021
Zloty gains ahead of the MPC meeting (459.8 kB PDF)
02-02-2021
Companies expect improvement (543.7 kB PDF)
01-02-2021
Manufacturing PMIs today (521.2 kB PDF)
29-01-2021
Today Poland’s GDP in 2020 (536.0 kB PDF)
28-01-2021
Delays in vaccine supply undermine sentiments (439.7 kB PDF)
27-01-2021
IMF upgrades global growth forecasts (520.4 kB PDF)
26-01-2021
Double-digit growth rate of industry (536.7 kB PDF)
25-01-2021
Will the industrial output also surprise? (430.6 kB PDF)
22-01-2021
Improvement in wages and employment (278.8 kB PDF)
21-01-2021
Biden sworn in, stocks and dollar stronger (272.4 kB PDF)
20-01-2021
Quiet Tuesday (265.4 kB PDF)
19-01-2021
Minor market changes (271.7 kB PDF)
18-01-2021
NBP head does not exclude rate cuts (429.2 kB PDF)
15-01-2021
NBP Glapiński speaks today (514.5 kB PDF)
14-01-2021
Zloty weaker after MPC (531.0 kB PDF)
13-01-2021
Today MPC rate decision (443.2 kB PDF)
12-01-2021
Dollar weakening trend halts (436.3 kB PDF)
11-01-2021
Slow start of the week (539.6 kB PDF)
08-01-2021
CPI down due to lower core inflation (544.0 kB PDF)
07-01-2021
Democrats take the full power (453.7 kB PDF)
05-01-2021
Polish PMI up (512.9 kB PDF)
04-01-2021
Poland in ZIRP club? (510.7 kB PDF)
22-12-2020
Merry Christmas! (285.2 kB PDF)
21-12-2020
NBP weakened the zloty (277.6 kB PDF)
18-12-2020
Tightening restrictions after Christmas (547.6 kB PDF)
17-12-2020
Core inflation at the peak again (554.3 kB PDF)
16-12-2020
Watch out for the third wave (523.6 kB PDF)
15-12-2020
Current account above forecasts, CPI today (520.0 kB PDF)
14-12-2020
Brexit fears return (424.2 kB PDF)
11-12-2020
No veto at EU summit, ECB boosts QE (274.0 kB PDF)
10-12-2020
The summit begins – zloty and forint stronger (270.2 kB PDF)
09-12-2020
Compromise within reach (289.5 kB PDF)
08-12-2020
Unemployment rate holds still (285.2 kB PDF)
07-12-2020
Dollar in search of stability (283.8 kB PDF)
04-12-2020
Today US labour market report (526.6 kB PDF)
03-12-2020
MPC left rates unchanged (517.9 kB PDF)
02-12-2020
Today MPC meeting (541.7 kB PDF)
01-12-2020
Today CPI and PMI in manufacturing (506.9 kB PDF)
30-11-2020
GDP data today (507.0 kB PDF)
27-11-2020
New Financial Shield announced (518.7 kB PDF)
26-11-2020
US market holiday today (436.2 kB PDF)
25-11-2020
Today a lot of data in the US (457.9 kB PDF)
24-11-2020
Retail sales depressed by the virus again (538.6 kB PDF)
23-11-2020
Waiting for new data (510.7 kB PDF)
20-11-2020
Concerns about labour market resurface (603.0 kB PDF)
19-11-2020
Small size bond repurchase by NBP (424.4 kB PDF)
18-11-2020
Hungary boosts QE program (511.3 kB PDF)
17-11-2020
Polish and Hungarian first veto (520.2 kB PDF)
16-11-2020
Poland core CPI today (511.9 kB PDF)
13-11-2020
Today GDP and inflation (452.1 kB PDF)
12-11-2020
Today US inflation (433.4 kB PDF)
10-11-2020
Vaccine for the market (434.5 kB PDF)
09-11-2020
Democratic US President (502.5 kB PDF)
06-11-2020
US vote count continues (298.3 kB PDF)
05-11-2020
Lockdown is near (340.0 kB PDF)
04-11-2020
Election jitters on the market (294.2 kB PDF)
03-11-2020
Decent manufacturing PMIs (286.1 kB PDF)
02-11-2020
Extension of restrictions (297.8 kB PDF)
30-10-2020
Today inflation data (523.8 kB PDF)
29-10-2020
Next wave of selloff (436.1 kB PDF)
28-10-2020
New aid package (447.3 kB PDF)
27-10-2020
Pessimism is back (461.5 kB PDF)
26-10-2020
Entire country in the red zone (421.9 kB PDF)
23-10-2020
Flash PMIs today (510.7 kB PDF)
22-10-2020
Zloty pressured by infections data (507.1 kB PDF)
21-10-2020
Next Polish data today (514.0 kB PDF)
20-10-2020
Zloty weakens further (505.0 kB PDF)
19-10-2020
Today wages and employment data (417.2 kB PDF)
16-10-2020
Today core inflation (503.4 kB PDF)
15-10-2020
Today September inflation (503.3 kB PDF)
14-10-2020
IMF lowers world GDP forecast for 2021 (401.4 kB PDF)
13-10-2020
Inflation in the CEE region softens (424.9 kB PDF)
12-10-2020
Santander Eyeopener - Today CPI in Czech Republic (406.4 kB PDF)
09-10-2020
Low EURPLN volatility persists (437.8 kB PDF)
08-10-2020
Monetary policy unchanged (526.0 kB PDF)
07-10-2020
MPC meeting today (428.8 kB PDF)
06-10-2020
Increased hopes for fiscal stimulus in the US (429.6 kB PDF)
05-10-2020
US President’s health affects markets (425.9 kB PDF)
02-10-2020
Inflation above expectations (464.4 kB PDF)
01-10-2020
Inflation down again? (525.1 kB PDF)
30-09-2020
High volatility of the zloty (448.9 kB PDF)
29-09-2020
Zloty weakest since April (459.1 kB PDF)
28-09-2020
Rising number of infections hits sentiment (440.6 kB PDF)
25-09-2020
Zloty still under pressure (443.5 kB PDF)
24-09-2020
Still poor market mood (512.9 kB PDF)
23-09-2020
Flash September PMIs today (520.6 kB PDF)
22-09-2020
Another weaker data from Poland (519.1 kB PDF)
21-09-2020
Output rebound slows down (273.9 kB PDF)
18-09-2020
Political storm in ruling coalition (285.1 kB PDF)
17-09-2020
FOMC to keep rates on hold until 2023 (455.0 kB PDF)
16-09-2020
CPI and MPC did not surprise (439.1 kB PDF)
15-09-2020
MPC meeting and CPI data today (526.6 kB PDF)
14-09-2020
Meat prices to speed up disinflation? (454.6 kB PDF)
11-09-2020
ECB cautiously optimistic (411.5 kB PDF)
10-09-2020
What is the ECB going to say? (406.9 kB PDF)
09-09-2020
Seloff in US tech stocks worsens global moods (406.2 kB PDF)
08-09-2020
Brexit issue is back (412.1 kB PDF)
07-09-2020
Positive US labour market data (418.5 kB PDF)
04-09-2020
Zloty weakest since mid-July (482.7 kB PDF)
03-09-2020
Stronger dollar weighs on the zloty (480.0 kB PDF)
02-09-2020
Manufacturing PMI’s mixed bag (470.6 kB PDF)
01-09-2020
Manufacturing PMIs and flash CPI today (527.4 kB PDF)
31-08-2020
Stronger zloty, higher bond yields (445.5 kB PDF)
28-08-2020
Second year with high deficit (437.1 kB PDF)
27-08-2020
Jackson Hole conference starts today (426.0 kB PDF)
26-08-2020
Unemployment stable, yet jobs disappearing (441.1 kB PDF)
25-08-2020
Big firms cut investments (522.9 kB PDF)
24-08-2020
Retail trade blooming, construction slowing (517.1 kB PDF)
21-08-2020
Output not much below pre-pandemic level (277.9 kB PDF)
20-08-2020
Rebound of employment (282.5 kB PDF)
19-08-2020
Market pricing of rate hikes is going up (272.6 kB PDF)
18-08-2020
Core inflation still on the rise (288.5 kB PDF)
17-08-2020
Recession, but slightly shallower than thought (280.8 kB PDF)
14-08-2020
Strong improvement in balance of payments (432.6 kB PDF)
13-08-2020
US inflation above expectations (424.4 kB PDF)
12-08-2020
Return of inflation? (267.3 kB PDF)
11-08-2020
Dollar remains weak (263.2 kB PDF)
10-08-2020
Better than expected US labour market data (599.7 kB PDF)
07-08-2020
Czech central bank left rates on hold (542.7 kB PDF)
06-08-2020
Optimism after July services PMI (468.4 kB PDF)
05-08-2020
EURPLN stays low, EURUSD still high (458.3 kB PDF)
04-08-2020
Positive start of month (435.7 kB PDF)
03-08-2020
CPI down but core inflation up (435.0 kB PDF)
31-07-2020
Glapiński: There is still room for easing (424.8 kB PDF)
30-07-2020
How deep 2Q GDP fall in USA and Germany? (571.9 kB PDF)
29-07-2020
Today FOMC meeting (424.0 kB PDF)
28-07-2020
EURPLN below 4.40 (499.4 kB PDF)
27-07-2020
Żyżyński: This was not an intervention (416.2 kB PDF)
24-07-2020
Mood worsens but zloty keeps pushing ahead (271.0 kB PDF)
23-07-2020
Softening of the spending rule (274.4 kB PDF)
22-07-2020
Second month of strong retail sales recovery (281.3 kB PDF)
21-07-2020
Strong Polish macro data and EU deal (274.0 kB PDF)
20-07-2020
EU summit is still going on (262.8 kB PDF)
17-07-2020
Today labor market data (432.0 kB PDF)
16-07-2020
Today ECB meeting (517.1 kB PDF)
15-07-2020
Today final June CPI in Poland (520.1 kB PDF)
14-07-2020
Today MPC meeting (418.2 kB PDF)
13-07-2020
Andrzej Duda wins the second round (492.0 kB PDF)
10-07-2020
Calmly before the election (454.2 kB PDF)
09-07-2020
German exports below expectations (427.4 kB PDF)
08-07-2020
European Commission cut forecasts (441.2 kB PDF)
07-07-2020
Strong numbers from USA (416.1 kB PDF)
06-07-2020
Zloty stable ahead of election (437.1 kB PDF)
03-07-2020
End of the week in positive moods (473.6 kB PDF)
02-07-2020
PMI higher, zloty weaker (533.8 kB PDF)
01-07-2020
Inflation higher, yields lower (442.0 kB PDF)
30-06-2020
June CPI to surprise upwards? (435.4 kB PDF)
29-06-2020
No big surprise in the first round (431.9 kB PDF)
26-06-2020
CEE3 currencies keep weakening (425.7 kB PDF)
25-06-2020
Czech central bank left rates unchanged (426.7 kB PDF)
24-06-2020
Hungary cut rates, is now Czechs’ turn? (433.1 kB PDF)
23-06-2020
Today global June PMIs (559.3 kB PDF)
22-06-2020
Symptoms of recovery (495.1 kB PDF)
19-06-2020
Slower decline of employment in May (283.8 kB PDF)
18-06-2020
Zloty became jittery (280.1 kB PDF)
17-06-2020
MPC weakens the zloty (282.4 kB PDF)
16-06-2020
Can MPC not surprise this time? (293.7 kB PDF)
15-06-2020
Worries returned to the markets (279.9 kB PDF)
10-06-2020
Worse sentiments, today Fed (392.4 kB PDF)
09-06-2020
World Bank lowering global growth forecasts (409.7 kB PDF)
08-06-2020
US data fuel market optimism (421.8 kB PDF)
05-06-2020
ECB expands PEPP programme (469.6 kB PDF)
04-06-2020
ECB may buy more bonds (464.6 kB PDF)
03-06-2020
Good mood despite lack of good data (455.9 kB PDF)
02-06-2020
No rush with rate hikes (436.6 kB PDF)
01-06-2020
Today manufacturing PMIs (430.9 kB PDF)
29-05-2020
Tody flash CPI and final GDP (449.2 kB PDF)
28-05-2020
Today MPC decision (532.0 kB PDF)
27-05-2020
Significant strengthening of Zloty (528.0 kB PDF)
26-05-2020
Today Hungarian central bank decision (519.6 kB PDF)
25-05-2020
Positive mood at the start of the week (513.3 kB PDF)
22-05-2020
Collapse of industrial output (291.2 kB PDF)
21-05-2020
Large drop of labour market indicators (284.5 kB PDF)
20-05-2020
A ray of hope in ZEW index (291.5 kB PDF)
19-05-2020
Market optimism is still present (280.0 kB PDF)
18-05-2020
Relatively small GDP decline in 1Q (284.8 kB PDF)
15-05-2020
How much did GDP decelerate in 1Q? (426.6 kB PDF)
14-05-2020
Powell cooled the market optimism (512.6 kB PDF)
13-05-2020
Hardt: rates were cut too much (502.1 kB PDF)
12-05-2020
Markets less optimistic (407.9 kB PDF)
11-05-2020
New bad data from the USA (406.6 kB PDF)
08-05-2020
Czechs with lowest rates in CEE region (438.8 kB PDF)
07-05-2020
Coalition still holds (433.6 kB PDF)
06-05-2020
Markets price in fast revival (506.3 kB PDF)
05-05-2020
Volatile moods at the start of the week (412.9 kB PDF)
04-05-2020
Long weekend unsupportive for PLN (413.8 kB PDF)
30-04-2020
US interest rates will remain low for longer (409.1 kB PDF)
29-04-2020