ForeXistenZ › Central banks › NBP
Narodowy Bank Polski (NBP)
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One of the most determined gold buyers among the world’s central banks.
How the NBP moves the PLN
A central bank sets the interest rate on its currency. Traders compare that rate with the rates of other central banks; the wider the gap, the stronger the pull of money towards the higher-yielding currency. That is why the minutes before a NBP decision are among the most volatile of the month for the PLN. Book I and Book II of the ForeXistenZ trilogy show how to prepare for these days — and when to stay out.
Frequently asked
What does the Narodowy Bank Polski do?
One of the most determined gold buyers among the world’s central banks.
Where is the Narodowy Bank Polski?
The Narodowy Bank Polski (NBP) is in Warsaw, Poland.
Why do forex traders watch the NBP?
Interest rates are the price of a currency. When the NBP raises or cuts rates — or only hints at it — money moves into or out of the PLN, and PLN reacts within seconds.
Where are the NBP’s decisions published?
Official decisions, statements and the meeting calendar are published on https://nbp.pl/en.
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Other central banks
RIKSBANKSveriges Riksbank
Stockholm, Sweden — The oldest central bank in the world, founded in 1668.
ECBEuropean Central Bank
Frankfurt, Euro area — Runs monetary policy for the twenty countries of the euro, the world’s second reserve currency.
NORGESNorges Bank
Oslo, Norway — Runs the krone — and manages Norway’s oil fund, the largest sovereign wealth fund on Earth.
SNBSwiss National Bank
Zurich / Bern, Switzerland — Guardian of the Swiss franc, the safe haven the market runs to when fear rises.
CBRTCentral Bank of the Republic of Türkiye
Ankara, Türkiye — Fights for the lira — a lesson in what inflation does to a currency.
BOEBank of England
London, United Kingdom — The Old Lady of Threadneedle Street — sets UK rates and guards one of the largest gold vaults on Earth.