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Budget Looks "Quite Good", According to Finance Ministry

POLAND
  • Finance Minister Domanski currently appearing on local radio, says he sees CPI at 4 - 5% by year-end. Commenting on budget balance data, he added that "After the first three months of the year, the budget looks quite good"
  • The March budget gap hit PLN 24bln, according to finance ministry data. The comments comes ahead of trade balance, current account balance and import/export data for February at 2pm local time (1300BST).
  • Rzeczpospolita cite comments from NBP's Tyrowicz as saying the path of inflation ahead is highly uncertain, and referenced rates being as high as 7.75% in 2022 giving a realistic chance of containing inflation back to target.
  • Puls Biznesu flag rising dividends in Poland, with companies clearly keen to share profits. They point to declarations so far amounting to several billion more zlotys going to shareholders vs last year's metrics.
  • The speaker slate is busier, with finance minister Domanski speaking to local radio any minute now, followed by NBP's Kotecki appearing on Biznes24 TV. PM Tusk is to meet the Greek leader Mitsotakis, with the two leaders holding a joint news conference at 1155 local time (1055BST).
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