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Current Account Balance On Tap, Duda Hosts Cabinet Council Meeting

  • Poland's current account balance may have flipped into a deficit of EUR357mn in December from a surplus of EUR1.325bn prior, according to Bloomberg consensus. If confirmed, this would be Poland's first monthly current account shortfall since April 2023, with a series of positive outturns seen as one of the fundamental factors supporting the zloty in the past months. The data will cross the wires at 13:00GMT/14:00CET.
  • President Andrzej Duda has invited Prime Minister Donald Tusk and his ministers for a Cabinet Council meeting this afternoon. They are expected to discuss major infrastructural projects started by the previous administration. The regular weekly Cabinet meeting has been postponed until February 20.
  • DGP reported that the government is not planning to amend the budget bill for now, despite earlier suggestions to the contrary. The ruling coalition may wait until the political and legal situation around the fiscal plan is clearer after President Duda sent it for review to the Constitutional Tribunal.
  • Local media outlets suggest that tensions are growing within the Law and Justice (PiS) party amid reports that security services supervised by its ex-ministers Mariusz Kaminski and Maciej Wasik may have been involved in using Pegasus spyware against senior PiS officials and not just the party's political rivals.

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