Narodowy Bank Polski

Marek Belka interview for Obserwatorfinansowy.pl

Date: 22-09-2011

Prof. Marek Belka: The zloty exchange rate is becoming increasingly detached from the sound foundations of the Polish economy. The weakening zloty is having an adverse effect on prices, impeding the control of inflation by the NBP. The zloty’s considerable volatility is constraining the forecasting ability of economic agents and increasing their uncertainty of the future, translating into a lower propensity to invest. This, in effect, harms the economy’s growth potential. At the moment, the zloty exchange rate vis-a-vis foreign currencies is determined, to a great extent, by external circumstances which have a negative impact on the Polish economy.

The whole interview on Obserwatorfinansowy.pl (in Polish)

NBP interest rates

Reference rate 6.50
Lombard rate 7.00
Deposit rate 6.00
Rediscount rate 6.55
Discount rate 6.60

Exchange rates

Table of 2022-08-18
1 EUR4.7244
1 USD4.6468
1 CHF4.8733
1 GBP5.5983
100 JPY3.4368

Economic outlook

Monthly data

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Financial markets

Numismatics

Contact

Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa
Poland

tel.:
+48 22 185 10 00
e-mail: listy@nbp.pl
ePUAP:/NBP/SkrytkaESP
NIP: 525-000-81-98
REGON: 000002223
SWIFT: NBPL PLPW
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