National Bank of Poland (NBP)

Poland: Central bank cuts interest rates

Poland's central bank cut interest rates on Thursday 24 April by 25 points. The bank has come under sustained pressure from the Polish government which has complained of a too restrictive monetary policy, according to a report from the PAP news agency.

The Polish conflict

Stanislaw Gomulka surveys the institutional causes and economic consequences of the bitter dispute between the government and central bank in Poland. The inexperience of both suggests a European solution.

Poland moves closer to the euro

POLAND - The National Bank of Poland (NBP) and Finance Ministry officials have begun to prepare a long-term strategy on adopting the euro, a senior central bank official has said.

Poland's c bank boosts reserves by $165m in April

POLAND - The announcement made by the National Bank of Poland (NBP), that it will boost reserves by $165m, signifies that Poland's reserve assets on the last day of April accounted for $27,224bn and were $660m higher than on 31 December 2001.

Polish rate cut too shallow - Fin Min

POLAND - The National Bank of Poland's (NBP) rate cuts on Thursday confirmed the bank's support for the leftist government's economic programme, but Finance Minister Marek Belka hoped for deeper cuts, his spokesman said.

IMF stresses Polish c bank must remain independent

POLAND - The International Monetary Fund expects a limited reduction in official Polish interest rates in 2002, as 900 basis points of cuts over the past 12 months take effect, but it harshly criticized government coalition members' attacks on the…

Polish MPC leaves rates steady despite pressure

POLAND - The National Bank of Poland (NBP) defied political pressure on Wednesday by leaving interest rates unchanged, matching market expectations but risking a run-in with the government over how to revive the economy, report Reuters.

Polish govt strategy breeds more caution

POLAND - Two weeks after Poland's left-wing government issued an ambitious five-year strategy to kick-start slumping economic growth, the National Bank of Poland has maintained a stony silence.

Poland deploys technology in reserve management

POLAND - Trema today announced that the National Bank of Poland has selected Finance KIT, Trema's straight-through processing treasury, risk and asset management solution, to automate its reserve management in preparation for Economic and Monetary Union…

Changes made in NBP management

POLAND - In line with the request made by the chairman of the National Bank of Poland (NBP) Leszek Balcerowicz, president Aleksander Kwasniewski dismissed four management members of the central bank and appointed three new ones.

Polish central bank head calls for fiscal reform

POLAND - Leszek Balcerowicz, president of the National Bank of Poland, stressed in a speech made on 10 August to the Polish parliament that tight monetary policy in 2000 had done the most to shelter Poland from worse macroeconomic disturbances that could…

Central bank Cooperation planned

POLAND - The National Bank of Poland (NBP) has officially signed cooperative agreements with its French and Italian counterparts at a ceremony in Warsaw.

Central bank independence in Poland from 1924-26

ARTICLE - In an article in Public Budgeting & Finance, Gail Makinen from the Congress Library looks at the success of Poland's 1924-26 stabilisation plan. She concludes that a balanced budget may be more important to achieving price stability than…

Is inflation targeting feasible in Poland?-article

ARTICLE - "Is inflation targeting feasible in Poland?" is a new article in the journal The Economics of Transition, Volume 9: Issue 1, co-written by Peter Christoffersen at McGill University, and Torsten Slk and Robert Wescott at the International…

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