English
Obserwator Finansowy features views and analysis of economy in Poland and other countries, written by some of the best journalists, economists and analysts. Our mission is to share knowledge of economics and financial markets in the world.
Obserwator Finansowy is a project under aegis of the Poland’s central bank, Narodowy Bank Polski. We have published thousands of articles about the Polish and global economy. Our journalists have conducted hundreds of interviews with Nobel laureates, distinguished economists, business leaders and politicians with views across the political spectrum.
In this section you can find selected articles in English.
German automotive industry at a crossroads
Jarosław Kamiński"If the auto industry collapses, Germany will collapse," writes Gabo Steingart emphatically in a recent article in Focus magazine. Many experts and commentators are increasingly drawing attention to the waning strength of...
Bank of Japan’s Monetary Easing in an Inflationary Environment and New Governor’s Challenges
Sayuri ShiraiDuring the inaugural press conference held on April 10th at the Bank of Japan (BOJ), Governor Kazuo Ueda affirmed the commitment to achieving the 2% price stability target, which was clarified in January 2013 in the joint...
The Bank of Japan Unprecedented Monetary Easing Experiment
Sayuri ShiraiAfter the collapse of bubbles in early 1990s and persistent baking sector problems, Japan’s economy had entered into low economic growth since mid-1990s and mild deflation since late 1990s. The average rate of economic...
Our monetary strategy has served us well for many years, providing anchor to the overall macroeconomic stability
Grzegorz JeżThe proper diagnostic on the inflationary nature is a key in adequate calibration of the policy response – thinks Anita Angelovska-Bezohska, Governor of the National Bank of the Republic of North Macedonia.
Have Russian leaders underestimated a rival again?
Thomas GrennesThe invasion of Ukraine by Russia has produced many surprises. Most observers have expressed surprise at the strength of resistance by Ukraine and its supporters. Underestimating the strength of Ukraine has been described as...
The international economic sanctions on the agressor in the war in Ukraine are a game changer
Dr Marzenna K. JamesMore capable of addressing political blackmails in foreign trade, they not only effectively help Ukrainians fight in defense of their country, but also provide other countries with better protection from similar invasions.
An almost perfect work
Paweł KowalewskiOne of the three new winners of the Nobel Prize in Economics funded by Sweden’s Riksbank, Ben Bernanke, likes challenges – his biography, and above all, his achievements, are proof of this. For this reason, when speaking...
Croatian road to the euro: Test driving the new ERM II setup
Boris VujčićA quip on Balkans producing more history than it can consume, famously but incorrectly attributed to Churchill, is a good description of the Croatian history towards the end of the 20th century. However, at the turn of the...
How Can the War End
Harold JamesThe complete shutdown of gas deliveries through Nord Stream 1 is an indication of how desperate the Russian leadership has become. There is now no path to military victory, but a clear chance that intensified economic...
A brave new world of payments – the role of central banks
Thomas J. JordanRecent years have seen important changes in the payments landscape. Cash usage has been declining in many countries for some time, and this trend has accelerated during the pandemic.