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Eyes on Glapinski’s Press Conference

POLAND
  • The NBP kept rates unchanged yesterday, against expectations for a 25bps hike. The bank reiterated their willingness to intervene in currency markets if required but kept the door open to resuming the tightening cycle should the data warrant it.
  • Focus turns to a press conference with the NBP governor Glapinski later today (3pm local, 1400BST/0900ET).
  • The deputy finance minister this morning outlined plans to cap power prices, with full proposals due to be released next week (as expected). According to his comments, the plan will fix prices at a certain level, with profits on sales above that mark taxed.
  • No key data due from Poland Thursday, keeping focus on Glapinski’s appearance.
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  • The NBP kept rates unchanged yesterday, against expectations for a 25bps hike. The bank reiterated their willingness to intervene in currency markets if required but kept the door open to resuming the tightening cycle should the data warrant it.
  • Focus turns to a press conference with the NBP governor Glapinski later today (3pm local, 1400BST/0900ET).
  • The deputy finance minister this morning outlined plans to cap power prices, with full proposals due to be released next week (as expected). According to his comments, the plan will fix prices at a certain level, with profits on sales above that mark taxed.
  • No key data due from Poland Thursday, keeping focus on Glapinski’s appearance.