Global banks, market

coke, fuel, pipeline, alcoholic beverage, alcoholic beverages, audio and visual equipment, banks, beverage, beverages, clothing, coal, commercial banks, consumer good, consumer goods, cured meat, eggs, electricity, financial institutions, fruit, fruit, furniture manufacturing, household appliances, livestock, lubricants, meat, milk, non alcoholic beverage, non alcoholic beverages, non-alcoholic beverage, non-alcoholic beverages, oil prices, oil production, papers, pensions, petrol, petroleum, plastic, plastic products, pork, postal services, potatoes, railways, savings, spirits, spread, trading, vegetables, visual equipment, water supply, wholesale,

inflation report third quarter 2003 warsaw december design oliwka sc translation sigillum layout and print nbp printshop published by national bank of poland department information nad public relations 00 919 warszawa 11 21 âwi tokrzyska street phone 48 22 653 2335 fax 1321 www pl copyright the 2004 issn 1640 0755 contents overview 4 1 domestic demand supply 8 9 consumption 10 2 capital formation 3 finance situation 14 output gdp labour market 16 privatisation processes 19 producer prices in industry construction ppi 20 external factors 24 foreign trade balance payments 32 inflationary 37 consumer core 41 monetary policy performance target 46 rd money 49 transmission mechanisms 54 interest rates