Poland’s economy grew at the fastest pace in two years in the first quarter as record-low borrowing costs stoked consumer spending and corporate investments.
Poland’s economic growth quickened to the fastest pace in two years as record-low borrowing costs revived investment and consumer spending.
Poland’s central bank will probably raise interest rates at a meeting that starts today to damp inflationary expectations as consumer prices already grow faster than targeted by policy makers.
Poland’s five-year bond yields fell after a report showed manufacturing contracted for a seventh month, bolstering the case for a cut in interest rates at a monetary policy meeting next week.
Polish fixed investments probably improved for the first time this year in the third quarter, economists said.
Polish retail-sales growth unexpectedly accelerated for a second month in September, boosting arguments that the European Union’s largest eastern economy should hold off on cutting interest rates.
Polish inflation accelerated in July from a four-month low on faster fuel price growth, according to a survey of economists.
Poland’s central bank will probably leave borrowing costs unchanged as lower demand for exports slows economic growth and eases price pressures, a survey of economists showed.
Poland’s first-quarter economic growth remained near the fastest pace since 2008, driven by private investment, a survey of economists showed.
"Belka shut off speculation by saying he has no plans to resign and put the tapes to the background of monetary policy."
- Adam Antoniak on Jun 26, 2014