FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Backlash Continues Over Primacy Law

POLAND
  • Poland sought to assuage outrage among its European Union partners after Prime Minister Mateusz Morawiecki said the bloc could start "the third world war" by withholding the country's access to funds in a dispute over democratic values (BBG).
  • As a reminder, the EU decided to delay the 36bn EUR in pandemic aid following the ruling that the Polish constitution has primacy over EU laws.
  • Growth expectations could be reviewed significantly to the downside in case EU delays the stimulus package, pausing a threat to Polish risky assets.
  • In addition, the rise in Covid uncertainty could also lead to a significant downward revision in growth expectations, pausing a threat to the policy outlook and therefore weighing on PLN.
  • Next important data to watch will be October CPI, coming out on October 29.
  • Today (4pm London time), Polish President Andrzej Duda will swear in new ministers following a government reshuffle that's expected to be announced on Tuesday (BBG).
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.