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FinMin Koscinski Sees More Room For PLN Strength

POLAND
  • Sell-side analysts see inflation peaking later in 2022 (April) following the higher than expected increases in household electricity and gas tariffs.
  • Polish regulator approved 54% hike of household has bills.
  • On Friday, Polish Lawmakers approved anti-US media bill, which is seen as targeting a U.S.-owned television network's ability to keep broadcasting independent news that is often critical of the current government.
  • The network most affected by the bull is TVN, a Polish media and entertainment group established in 1995 and mainly own by Discovery Inc.
  • Discovery Inc. is deeply concerned by Polish Law media vote and appeals to President Duda to veto the bill.
  • Earlier this morning, Polish Finance Minister Tadeusz Koscinski said that he sees more room for PLN appreciation in the medium term.
  • Economic data to watch this morning are PPI inflation and unemployment rate (coming out at 9am, London time).

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