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POLAND: Duda Convenes National Security Council Meeting, Retail Sales On Tap

POLAND
PolandCEEMEAEM BulletBulletEmerging Market News
  • President Andrzej Duda convened a meeting of the National Security Council (RBN) with Prime Minister Donald Tusk and other senior ministers after returning from the US. His meeting with President Donald Trump on the sidelines of the Conservative Political Action Conference (CPAC) has been widely criticised as Trump arrived an hour late while their talks took less than 10 minutes. However, upon his return, Duda suggested that Trump is not planning to pare back US military presence in Poland and bilateral defence cooperation may strengthen. During their brief meeting, Duda invited Trump to attend a Three Seas Initiative summit in Warsaw on April 28 but White House is yet to confirm the date of Trump's expected visit to Poland.
  • MPC's Iwona Duda reaffirmed her view that "if [rate] reductions were to occur at all in 2025, there would be room for it further down the road, only at the end of the year, and we are talking about a small scale of monetary easing." She refused to speculate on specific parameters of future easing, as there are too many source of uncertainty at the moment to "responsibly signal the scale and pace of potential rate cuts".
  • Statistics Poland will release January retail sales data at 09:00GMT/10:00CET. Consensus is for a 2.5% Y/Y expansion in retail sales.
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  • President Andrzej Duda convened a meeting of the National Security Council (RBN) with Prime Minister Donald Tusk and other senior ministers after returning from the US. His meeting with President Donald Trump on the sidelines of the Conservative Political Action Conference (CPAC) has been widely criticised as Trump arrived an hour late while their talks took less than 10 minutes. However, upon his return, Duda suggested that Trump is not planning to pare back US military presence in Poland and bilateral defence cooperation may strengthen. During their brief meeting, Duda invited Trump to attend a Three Seas Initiative summit in Warsaw on April 28 but White House is yet to confirm the date of Trump's expected visit to Poland.
  • MPC's Iwona Duda reaffirmed her view that "if [rate] reductions were to occur at all in 2025, there would be room for it further down the road, only at the end of the year, and we are talking about a small scale of monetary easing." She refused to speculate on specific parameters of future easing, as there are too many source of uncertainty at the moment to "responsibly signal the scale and pace of potential rate cuts".
  • Statistics Poland will release January retail sales data at 09:00GMT/10:00CET. Consensus is for a 2.5% Y/Y expansion in retail sales.