Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Polish Price Growth Slows, Weakening Case for Higher Rates

Poland’s inflation rate fell for a second month in January, reaching its lowest level since July 2011 as a stronger zloty cut the price of imported goods and reducing the probability of a central bank rate increase.

Consumer prices grew 4.1 percent from a year earlier after rising 4.6 percent in December, the Central Statistics Office in Warsaw said today. The median estimate of 28 economists in a Bloomberg survey was for an increase of 4.3 percent. Prices rose 0.7 percent from the previous month.

Inflation in the European Union’s biggest eastern economy is slowing as the euro area struggles to solve its debt crisis, curbing Polish growth by damping demand for the country’s exports. The zloty has strengthened 7.2 percent against the euro this year.

“Slower inflation was to a great extent due to the stronger zloty, which brought down the price of imported goods,” Piotr Bielski, an economist at Bank Zachodni WBK, said by phone after the release. “Today’s data mean there’s no justification for the central bank to be hiking rates - and if economic growth slows as expected, we’re likely to see rate cuts in the second half.”

The zloty was little changed after the data release, trading at 4.1833 per euro at 2:12 in Warsaw, down less than 0.1 percent on the day. Six-month forward-rate agreements, used to speculate on interest rate levels, traded at 4.8987 percent, down 3 basis points from yesterday.

Dorota Bartyzel at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.