Free Trial

Dabrowski Says There Will Be Room For Rate Cuts If Wage Growth Is Under Control

NBP

NBP's Ireneusz Dabrowski tweets that "the share of wages in the GDP will naturally increase to the 2021 levels and it it's under control, then with inflation decreasing quickly there will be room for interest rate cuts."

  • The official writes that "the increase in real wages is around 0.4% with Poland's labour productivity rising by around 4.5%, while corporate margins are still above pre-pandemic levels.
  • These comments were referring to the latest batch of macroeconomic data, which showed that Poland's Y/Y real wage growth turned positive in June for the first time since July 2022.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.