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.
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...
The end of the era of cheap public borrowing
Charles WyploszFor well over a decade, governments in the developed countries have been borrowing at very low interest rates, sometimes even at negative rates. This is going to end, and probably for a long while.
Will Sanctions Against Russia Reshape Global Refinance?
Eswar PrasadIn response to Russia’s invasion of Ukraine, the U.S. and other Western economies deployed a set of powerful financial weapons against Russia with remarkable speed.
The Economic and Monetary Union and 20 years of the euro
Mário CentenoTwenty years ago, the central banks of the euro area promoted the biggest currency changeover in history, reflecting a paramount decision towards greater economic integration of 12 democracies.
Sustainability & climate change – a more delicate balancing act
Constantin Mugur IsărescuThe economy and financial system worldwide saw major transformations in the past decades, boosted by globalization and digitalization or reshaped by key inflexion points such as the 2008 financial crisis, the COVID-19...