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Selected tag: inflation
2 hours ago
Rate hikes deferred until next year
MacroCompass November 2026 - our picture of Poland's economy, macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on financial markets
5 days ago
Core inflation fell contrary to expectations
October brought a much sharper-than-expected decline in Poland’s CPI inflation, to 3.5% yoy. The biggest surprise came from core inflation, which fell below 3% yoy instead of rising as expected. The second-round effects of the energy shock remain almost entirely absent for now.
3 weeks ago
ECB started, Fed joined, NBP will follow
MacroCompass October 2026 - our picture of Poland's economy, macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on financial markets
5 weeks ago
Poland’s CPI hit 4.0%. Fuel prices once again the main driver of price growth
Poland’s CPI inflation accelerated to 4.0% yoy in September – with no surprise, the increase was driven primarily by fuel prices. At the same time, there are emerging signs of rising food and other energy prices, increasing the risk that the energy shock will spill over more broadly into the economy. Inflation is likely to accelerate further in the coming months, heading towards 4.5% yoy by year-end.
1 month ago
Rates unchanged, rating unchanged
Globally, markets will follow policy decisions of Fed, BoE, and BoJ. Domestically, we are waiting for Moody’s policy action (and we expect no change of rating) and August manufacturing figures, both of which are scheduled for Friday.
1 month ago
Farewell to rate cuts in Poland
MacroCompass September 2026 - our picture of Poland's economy, macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on financial markets