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Civic Coalition Lawmaker Says Incoming Gov. Wants Lower POLGB Yields

POLAND

An incoming Civic Coalition lawmaker and one of the party’s economic experts, Andrzej Domanski, said that Poland’s next government wants to follow the Czech example rather than that of Hungary and Turkey as it will “actively seek” lower bond yields. Note that there has been speculation Domanski might be one of the candidates for the next Finance Minister.

  • He said getting rid of 100bps spread that is currently between Polish and Czech bonds would save the government PLN170bln over 10 years, adding that the yield reaction on the day following the election shows the vote of confidence from investors.
  • Additionally, he said the party wants the stock exchange to be one of the drivers of the economic growth.

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