All central banks

Europe

National Bank of Poland

Too few recent speeches for a current tone.
Speeches
19
First speech
Nov 23, 2001
Latest speech
Nov 26, 2007
Tone vs coming rate moves
Not tested
too few speeches or no published rate

Does the tone run ahead of the rate?

Speech tone over the previous three months, and the policy rate at the end of each month, on the same timeline. Hover over either chart to read the same month in both.

Speech tone

Policy rate

Latest speeches

Each speech's tone is the average over its sentences about policy, prices, rates or the economy. Open a speech to read it in full.
DateSpeechTone
Nov 26, 2007

Krzysztof Rybiñski

+0.35
Nov 23, 2007

Krzysztof Rybiñski

+0.20
Nov 23, 2007

Krzysztof Rybiñski

−0.06
Oct 16, 2007

Krzysztof Rybinski

−0.04
Jun 15, 2007

Krzysztof Rybiñski

−0.10
Mar 14, 2007

Krzysztof Rybinski

−0.05
Jan 17, 2007

Krzysztof Rybinski

−0.08
Dec 15, 2006

Krzysztof Rybinski

−0.20
Oct 13, 2006

Krzysztof Rybinski

−0.10
Sep 21, 2006

Krzysztof Rybinski

−0.14
Jun 10, 2006

Krzysztof Rybinski

+0.04
May 20, 2006

Krzysztof Rybinski

+0.03
May 18, 2006

Krzysztof Rybinski

+0.02
Apr 20, 2006

Krzysztof Rybinski

−0.03
Apr 6, 2006

Krzysztof Rybinski

+0.02
Apr 6, 2006

Krzysztof Rybinski

+0.01
Mar 21, 2006

Krzysztof Rybinski

+0.07
Mar 10, 2006

Krzysztof Rybinski

−0.04
Nov 23, 2001

Leszek Balcerowicz

−0.04
Next: Across all central banksHow tone lines up with rate moves at every bank tested, and whether it predicts them.