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Constitutional Tribunal's Ruling Eyed Today, CPI & GDP Data On Tap

POLAND
  • The Constitutional Tribunal is expected to rule on the compliance of EU rules defining the terms of imposing penalties on member states by the Court of Justice of the European Union (CJEU) with the Polish constitution. The verdict is expected around 10:00GMT/11:00CET, even as newly appointed Sejm Speaker Szymon Holownia withdrew parliament's opinion on the matter submitted to the Tribunal by his predecessor. This comes several days after the recently replaced Justice Minister Zbigniew Ziobro brought another case to the Tribunal, requesting a review of the constitutionality of judicial reforms implemented in 2022 to comply with an earlier ruling of the CJEU. Both cases highlight the role that the Constitutional Tribunal, composed of the appointees of the outgoing administration, may play in hindering efforts to repair fraught relations with Brussels.
  • WP reported that the pro-EU coalition is having another round of negotiations to fill vice-ministerial positions in the incoming government. Speaker Holownia announced that acting Prime Minister Mateusz Morawiecki will deliver his policy speech on December 11 at 09:00GMT/10:00CET and a vote of confidence should take place by 14:00GMT/15:00CET. After its expected rejection, his successor could receive parliament's blessing later on the same day.
  • Statistics Poland will release flash November CPI and final Q3 GDP data at 09:00GMT/10:00CET. Disinflation is expected to have stalled this month amid normalisation of fuel prices, following their alleged suppression ahead of the parliamentary elections.
  • The Finance Ministry will release its bond auction schedule for December at 14:00GMT/15:00CET.
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