Poland
ECB criticises Polish law on cash use
Frank Elderson says law “may not be in public interest” and says government failed to consult ECB
Poland continues tightening in new year
Central bank adds 50bp to rates, the fourth increase in a row amid high inflation
Polish central bank hikes rates again
NBP says it will continue to act to push inflation back to target
Emerging economies more likely to employ access-to-cash policies
Central banks split on access-to-cash policies
Poland raises policy rate by 75 basis points
National Bank cites high inflation, which it expects to linger through 2022
ECB calls for change to proposed Polish central bank law
Proposal on loans to bank guarantee fund would break prohibition on monetary financing, ECB says
Georgia’s Gvenetadze on implementing an aggressive reform agenda
The National Bank of Georgia governor speaks about efforts to improve monetary policy, financial infrastructure, financial literacy, transparency and ESG
The eurozone’s eastern conundrum
Bulgaria and Croatia expect a net positive effect as they take final steps to join the euro, while the Czech Republic, Hungary and Poland remain reluctant
National Bank of Poland cuts rates again but predicts recovery
“Significant fall” in activity likely to reverse in latter part of the year, policy-makers say
Debts, deficits, central banks and inflation
Forrest Capie and Geoffrey Wood ask what insights history can provide for central banks and governments managing abrupt, large increases in debt
National Bank of Poland cuts rates to record low of 0.5%
Central bank includes state-guaranteed bonds in its asset purchase programme
Central banks may have to become ‘dealers of last resort’ – BIS economists
EMEs have not overcome “original sin” by deepening local currency bond markets, authors warn
Strong global forces pushing some central banks to buy gold – analysts
Poland’s move and others pushed by negative rates, political uncertainty and changing monetary system, experts say
Poland keeps rates unchanged on lower global growth
Solid growth and strong demand push inflation slightly over target
30 years of forecasting: have central banks learned anything?
Forecasting models are constantly being upgraded, but forecast errors are still persistent. What more can central banks do?
Three EU central banks hail success of Belarus project
Capacity-building project was first such EU mission in country noted for strong Russian links
National Bank of Romania resists the populists – for now
Veteran governor Mugur Isărescu has run a largely successful campaign to defend the central bank’s independence during a turbulent year
The IFF China Report 2019
Insight and perspectives from the world's leaders, premier policy-makers and financiers
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
Polish parliament seeks to cap central bank salaries
Move comes in response to scandal over pay of two senior central bank staff
Polish governor faces rising political criticism over staff salaries
Governor criticised by deputy prime minister over refusal to confirm staff payment levels
Head of Polish financial regulator arrested on corruption charges
Central bank governor still has PM’s confidence after defending accused regulator – senior official
The Bank of Italy’s approach to risk-based budgeting
The financial crisis blurred the lines between Anglo-Saxon and continental European central bank models, presenting challenges when treating both the sources of risk and risk-bearing capacity using financial and accounting budgeting techniques
Poland delays first hike by one year
Central bank reduces its inflation forecasts for 2018 and 2019, and the zloty falls