Narodowy Bank Polski

Research & Conferences

Conference programme

Thursday, 5 November 2009

10:30 – 11:00
Opening remarks: Zbigniew Hockuba, National Bank of Poland

11:00 – 12:30 Session 1. Publishing Central Bank Forecasts in Practice

Chairman: Ryszard Kokoszczyński, National Bank of Poland
12:30 – 13:30
Lunch break

13:30–15:30 Session 2. On Forecast Accuracy

Chairman: Mateusz Pipień, National Bank of Poland
Session discussants:
  • Wojciech Charemza, University of Leicester
  • Jesus Crespo-Cuaresma, University of Innsbruck
Coffee break

16:00 – 17:30 Session 3. Central Bank Forward Guidance: Impact on Financial Markets

Chairman: Andrzej Sławiński, National Bank of Poland
Gala dinner

Friday, 6 November 2009

10:00 – 12:15 Session 4. Publishing Interest Rate Forecast

Chairman: Aleksander Welfe, University of Lodz & National Bank of Poland

13:15–14:45 Session 5. Forecast and Target Transparency

Chairman: Zbigniew Polański, National Bank of Poland
  • Central Bank Forecast Transparency, Incentives, and Inflation Targets 

  • Presented by Georgios Chortareas: University of Athens
    Co-author: Kalliopi-Maria Zekente
    Discussed by Axel Lindner: Halle Institute for Economic Research

  • Policy Announcements and Welfare (pdf, 309 KB)

  • Presented by Christian A. Stoltenberg: University of Amsterdam
    Co-author: Vadym Lepetyuk
    Discussed by: Michał Rubaszek, National Bank of Poland

Closing remarks: Ryszard Kokoszczyński, National Bank of Poland

Transport to the airport

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 2022-12-02
1 EUR4.6850
1 USD4.4492
1 CHF4.7576
1 GBP5.4610
100 JPY3.3203

Economic outlook

Monthly data

Quarterly data

Financial markets



Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa

+48 22 185 10 00
NIP: 525-000-81-98
REGON: 000002223
This site uses cookies to ensure its more efficient operation.
To find out more about the cookie technology, please click here: NBP Privacy Policy »
In order to browse through the content, it is necessary to accept cookies from this site Accept