Język Polski
English
Русский
Slovenčina
Hrvatski
NBP INTEREST RATE POLICY AND THE SITUATION ON THE POLISH STOCK MARKET IN THE YEARS 1998-2023
Abstract
The article examines the impact of the NBP interest rate policy on the situation on the Polish stock market. The expansionary and restrictive monetary policy of the NBP was defined. Periods of expansive monetary policy, understood as periods from the date of the first reference rate reduction to the date of the first increase of this rate, as well as periods of restrictive monetary policy, understood as periods from the date of the first increase of the reference rate to the date of its first reduction, were defined. The situation on the Polish stock market was illustrated by selected stock indices listed on the Warsaw Stock Exchange. It was examined what rates of return on stock exchange indices can be expected in periods of expansionary monetary policy of the NBP and what rates of return on these indices can be expected in periods of restrictive monetary policy of NBP.
Keywords:
bull market, bear market, monetary policy, reference rateMost read articles by the same author(s)
- Eryk Łon, Fed’s monetary policy and the situation on the stock markets in the time of coronavirus , Fides, Ratio et Patria. Studia Toruńskie: No. 14 (2021): SOCIETY AND ETHICS DURING A PANDEMIC
Details
References
Statistics
Authors
Citation rules
Altmetric indicators
Licence
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.