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2 days ago

Investments in Poland started the year slowly

This will be a short week: May 1st and 3rd are an official public holidays in Poland and May 2nd is an unofficial one. Nevertheless, there are important macro releases scheduled for the week. On Wednesday Statistics Poland will publish flash CPI data for April and on Friday Polish manufacturing PMI will be released.
2 weeks ago

Tariff war will reduce inflation in Poland

This week the final inflation reading for March will be published (Tuesday), followed by the core inflation release the day after. Polish assets should remain responsive mainly to geopolitical factors.
3 weeks ago

The turn towards May interest rate cuts

Amid raging trade wars, we have a light week in terms of economic data. The only Polish macro release scheduled for the week is the monthly balance of payments figures for February (on Friday).
4 weeks ago

Economic convergence of Poland

There will be a flash CPI reading today (we expect 5,1% yoy for March) and a rate setting meeting of NBP on Wednesday in Poland. The rates won't change but a motion to cut them - first in long time - might appear as some MPC members express greater willingness to loosen monetary policy. We think that this will happen only in July 2025.
1 month ago

Steady as she goes: Polish economy regained momentum in Q4

No important events or macro releases are scheduled for the week. Not even a MPC meeting, which – unusually – will take place in the second, not the first week of the month. Geopolitics, trade policy and US labor market data will dominate the newsflow.
5 months ago

Trumped-up fears over Polish assets

D. Trump's victory in the US presidential election is the main point of interest for financial markets in the coming month. We believe that Polish assets (currencies, shares, bonds) have undeservingly sold off, considering the actual risks that our country is facing. Below, we present our macroeconomic forecasts and financial markets scenario for November.