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Expects First Tranche Of EU Recovery Funds in H2 (Buda)

POLAND
  • This morning, Development Minister Buda told public television that Poland expects to receive first tranche of EU recovery funds (17bn PLN) in H2.
  • Buda added that Poland is not heading for ‘stagflation’, and that price growth is fueled by war in Ukraine.
  • NBP policymaker Litwiniuk mentioned in a recent interview that the central bank is raising interest rates too fast; however, he added that a 20 percent in inflation in the near term cannot be ruled out.
  • Deputy minister Sobon mentioned yesterday that Poland may raise over 50bn PLN from retail bond sales in 2022.
  • Yesterday, economic data showed that core CPI came in slightly higher than expected at 7.7% in April (vs. 7.6% exp.), up from 6.9% the previous month.
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  • This morning, Development Minister Buda told public television that Poland expects to receive first tranche of EU recovery funds (17bn PLN) in H2.
  • Buda added that Poland is not heading for ‘stagflation’, and that price growth is fueled by war in Ukraine.
  • NBP policymaker Litwiniuk mentioned in a recent interview that the central bank is raising interest rates too fast; however, he added that a 20 percent in inflation in the near term cannot be ruled out.
  • Deputy minister Sobon mentioned yesterday that Poland may raise over 50bn PLN from retail bond sales in 2022.
  • Yesterday, economic data showed that core CPI came in slightly higher than expected at 7.7% in April (vs. 7.6% exp.), up from 6.9% the previous month.