Narodowy Bank Polski

Marek Belka interview for

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 (in Polish)

NBP interest rates

Reference rate 6.75
Lombard rate 7.25
Deposit rate 6.25
Rediscount rate 6.80
Discount rate 6.85

Exchange rates

Table of 2023-01-27
1 EUR4.7076
1 USD4.3252
1 CHF4.6961
1 GBP5.3505
100 JPY3.3309

Economic outlook

Monthly data

Quarterly data

Financial markets



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