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Central Bank, Government Both See Inflation Easing from Q1 Onwards

POLAND
  • PAP cites NBP’s Wnorowski as seeing CPI readings “slightly lower” at every reading from February onwards, although inflation will still average 10% across the calendar year. The view is echoed by the finance minister Sobon, who sees price growth slowing from Q2 onwards even as tax cuts on fuel and gas expire.
  • DGP reports that Polish budget spending this year will come close to the levels assumed during this year’s budget planning phase. As such, 2023 budget planning is on track with estimates.
  • Kaczynski writes in Gazeta Polska that Poland’s reputation with financial markets is dependent on progress in talks with the EU over funding going forward.
  • Elsewhere, DGP cite a number of different analysts in wrapping up the view on 2023 growth, with GDP seen undergoing a soft landing next year. Regardless, the piece also cites Santander analysts in writing that expectations of further rate hikes could bloom again next year.
  • Focus turns to consumer confidence and retail sales data due at 10am local time (0900GMT). Retail sales are seen sliding 1.8% on the month after a +0.3% gain in October.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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