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.
The Bank of Japan Unprecedented Monetary Easing ExperimentSayuri Shirai
After 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...
Iliya Lingorski: Accession to the eurozone is our priorityIliya Lingorski, Marek Pielach
Most political forces declare that the legislation required on the road to the euro is their priority. “I expect that after the elections on 2 April, the parliament will quickly amend the four laws we still lack,' says...
David Marsh: Peace agreement in Ukraine may be nearDavid Marsh, Marek Pielach
Putin may not be losing the war, but he is certainly not winning it. So he can look for fallback solutions. Secondly, the U.S. Congress has not written Ukraine a totally blank check for armaments. Thirdly, China is now...
Cristian Popa: We are optimistic about the Euro accession, but the Euro is not a universal panaceaCristian Popa, Grzegorz Jeż
Accessing the Eurozone would be good for Romania but there is still a lot to do for us – says Cristian Popa, Member of the Board of Directors, National Bank of Romania.
Sandra Švaljek: Accession to the eurozone was our goalSandra Švaljek, Grzegorz Jeż
Croatia has always been a highly euroized country and it was one of the most important factors – says Sandra Švaljek, Deputy Governor, Croatian National Bank.
Harold James: New wave of globalization is the aftermath of supply shocksHarold James, Grzegorz Jeż
I think it is important to distinguish when you look at analogies with the past of what types of crises we are confronting and it seems to me to be helpful to distinguish between supply shocks and demand shocks. The great...
Simonas Krėpšta: Work for central bankers is not done yetSimonas Krėpšta, Marek Pielach
In the Eurozone, we see that interest rates are at 2.5 percent with over 8 percent inflation. These are very high levels. This means that the work of central bankers is not yet complete. However, we are moving in a cautious...
Our banking system is still in good conditionGrzegorz Jeż, Sergiy Nikolaychuk
Ukrainians have already started to think about development and how to reconstruct the country after the war – says Sergiy Nikolaychuk, Vice President, National Bank of Ukraine.
We are Guided by Our MandateMartin Schlegel, Grzegorz Jeż
The price stability is the crucial factor for the Swiss central bank and our mandate is to bring inflation down says Martin Schlegel, Vice Chairman of the Governing Board, Swiss National Bank.
Our monetary strategy has served us well for many years, providing anchor to the overall macroeconomic stabilityGrzegorz Jeż
The 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.