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Finance Minister Touts EUR & USD Bond Sales

POLAND
  • Finance Minister Magdalena Rzeczkowska told Interia.pl that Poland is planning to borrow about a quarter of its debt in foreign currencies this year and is preparing bond sales in both USD and EUR. The government assumes a "gradual, gentle" economic slowdown, with no recession and a "noticeable rebound" afterwards, which would amount to a soft-landing scenario.
  • DGP reports that opposition parties will likely resign from contesting the next parliamentary election as a single bloc to increase the chance of unseating the Law and Justice government. An official from the main opposition Civic Platform told the newspaper that the party sees a "3+1" format as optimal, whereby the Left would run separately.
  • Rzeczpospolita reported today that the price of larger apartments in Poland fell 6-8% over the pats quarter as the increase in interest rates is filtering through into the property market.
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