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CJEU Session To Begin Shortly, Verdicts Surrounding FX Loans Eyed

POLAND

During the session starting at the bottom of the hour, the CJEU will rule in case C-520/21 on the consequences of the annulment of FX mortgage loan contracts. The Court typically follows the advice of its Advocate General, although is by no means obliged to do so. Key links ahead of the announcement:

Another case with implications for the Polish banking sector amid the FX mortgage saga is C-287/22 on the suspension of the execution of a loan contract until a national court decides whether the contract could be declared invalid. The CJEU is also expected to rule in this case during today's session, albeit C-520/21 is seen as more consequential.
When this is being typed, EUR/PLN has added ~80 pips from yesterday's close, while WIGBANK Index operates ~0.8% lower on the day.
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