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Selected tag: fiscal policy
3 weeks ago
Inflation stands still, while the MPC sits on the fence
MacroCompass October 2025 - our picture of Poland's economy, macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on financial markets
1 month ago
Inflation under control, public debt under scrutiny
We are back after the holidays with our monthly publication "MacroCompass" including: our picture of Poland's economy, macroeconomic forecasts, preview of monthly data readings and the expected scenario of events on financial markets
2 months ago
Rates in Poland will be cut this week
This week’s main event in Poland will be the MPC’s rate decision – we expect a cut by 25 bps. Other than that, the economic calendar will be dominated by readings from the core markets; NFP on Friday and final PMI readings in the first half of the week.
4 months ago
Perfect conditions for rate cuts in Poland
Macro Compass June 2025 - our macroeconomic forecasts for Poland, preview of monthly data readings and the expected scenario of events on the financial markets
5 months ago
Poland’s trade balance still in the red
Last week we have learned that Polish economy in 1Q 2025 grew in line with expectations, but the balance of trade in March surprised strongly to the downside. This week will be another interesting time in Polish economy as we will get industrial production, construction output and labour market data for April. We are a bit more optimistic than consensus with regard to the first figure (1.8% vs 0.4% yoy) and in line with consensus with regard to wage growth (8.1% yoy).
5 months ago
Awaiting the first rate cut in Poland since 2023
Macro Compass May 2025 - our macroeconomic forecasts for Poland, preview of monthly data readings and the expected scenario of events on the financial markets