Headline Polish inflation accelerated to 3.2% year-on-year from 2.4% in February. It may soon break the 4% level. Companies are complaining about disruptions in supply chains, forcing them to look for alternative sources of supply. We estimate that P...

According to the Polish central bank balance of payments data for February, exports of goods increased by 6.2% while imports by 6.0% YoY. In cumulative terms for the last 12 months, the current account surplus stabilised at a record high 3.7% of GDP....

The governor considers CPI temporarily breaching above 3.5% year-on-year as likely. What is important for the NBP are the policies of the Fed and ECB. Glapinski stated that the NBP should follow an accommodative monetary policy of the global banks un...

Emerging and Developing Asia (+8.6% in 2021; +6.0% in 2022) remain the growth locomotive of the emerging and developing world. Given the recent rise in core rate yields, tighter financial conditions pose a noteworthy risk to the recovery. EM Asia is ...

The recent weakening of the zloty has resulted in a softening of the prevailing narrative on the risks to economic growth posed by a lack of sustained exchange rate adjustment. We see an upside risk to the National Bank of Poland's current inflation ...

According to the flash estimate by the Central Statistical Office, CPI inflation in March jumped to 3.2% YoY from 2.4% in February. CPI details for March will be released on 15 April. This rise in core inflation is supported by cost pressures due to ...