The Monetary Policy Council cuts, Orlen increases margins, the National Bank of Poland accumulates gold. A week on the charts

The Monetary Policy Council cuts rates again, Orlen's margin continues to grow, and the National Bank of Poland buys gold. Fuel prices are rising, and state-owned companies earn better than private ones. Here's a summary of the week in the charts.

This time the Monetary Policy Council did not surprise economists and, as expected, reduced the NBP interest rates by a quarter of a percentage point. This was the fourth decision of this type in a row, leading to a decline in interest rates on bank loans and deposits.

The median salary in the public sector in May 2025 was over a quarter higher than in the private sector – according to data from the Central Statistical Office. Traditionally, most employees earn salaries below the national average.

October brought a further increase in the PMI for the Polish manufacturing sector. This gives hope that industrial stagnation will come to an end and the production sector will finally get back on its feet.

According to Orlen, its model refining margin is at the highest level this year, and has already increased by over 100% since the end of December. The refinery's model profitability index is the highest since spring 2024, i.e. since the changes in the Group's management board. Compared to regional companies, the margin of the Polish champion is unmatched.

Six artificial intelligence models were given $10,000, the same data and instructions to trade on real cryptocurrency markets without any human intervention. Effect? After 17 days, 4 of them completed the first stage of the study with losses of up to 62%. The winner earned 22%.

Venezuela is getting the world's attention. Tension in relations with the USA, this year's Nobel Peace Prize for Venezuelan Machado, the currently highest inflation in the world and the largest documented oil deposits. In addition, a stock index that earned 50 percent. in one month. The nominal rate of return allowed Professor Krzysztof Borowski to win the Portfolio of Stars, who was able to draw the right conclusion from the unfavorable situation of the country in a deep currency crisis: the stock market will grow.

As expected, the Bank of England kept the interest rate at 4%, drawing attention to the potential impact of the new UK budget on subsequent decisions. The vote showed that there is a clear division on the shape of the Bank of England's current monetary policy.

The beginning of November brought a further increase in fuel prices in Poland. As a result, both gasoline and diesel oil have been the most expensive since the end of July. Looking at what is happening in refineries, we can expect further price increases at gas stations in the coming days.

In October, the National Bank of Poland increased its gold reserves – according to calculations by Bankier.pl. This would therefore be the first such case since May, when the Polish central bank achieved the goal of achieving 20% ​​of foreign exchange reserves invested in gold. Now he wants to hold 30% of the bullion.

prepared by WM

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