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NBP Reiterates it May Intervene in the FX Market

POLAND
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Highlights from the NBP's press release:

  • In the Council’s assessment, incoming data confirm weak demand and cost pressure in the economy as well as reduced inflation pressure amongst the weakened external economic conditions.
  • The Council upheld the assessment that the decrease in inflation would be faster if supported by an appreciation of the zloty exchange rate, which would be consistent with the fundamentals of the Polish economy.
  • Further decisions of the Council will depend on incoming information regarding prospects for inflation and economic activity.
  • NBP may intervene in the foreign exchange market.

Click here to see the full statement.

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Highlights from the NBP's press release:

  • In the Council’s assessment, incoming data confirm weak demand and cost pressure in the economy as well as reduced inflation pressure amongst the weakened external economic conditions.
  • The Council upheld the assessment that the decrease in inflation would be faster if supported by an appreciation of the zloty exchange rate, which would be consistent with the fundamentals of the Polish economy.
  • Further decisions of the Council will depend on incoming information regarding prospects for inflation and economic activity.
  • NBP may intervene in the foreign exchange market.

Click here to see the full statement.