Free Trial
BTP TECHS

(Z2) Heading South

ENERGY

What to Watch

BTP

Spreads widen after election results

EUROZONE ISSUANCE

Auction Preview: EU NGEU Bonds

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Food Inflation Could Accelerate in July

POLAND
  • In an article written for Rzeczpospolita, NBP governor Glapinski writes that global price growth continues to be fuelled by commodity prices as well as supply chain disruption. These leaves external factors being responsible for around 75% of CPI deviation from the bank’s target.
  • Food inflation could accelerate in the coming month, despite the reported decrease of FAO Food Price Index for a fourth month in a row, according to a Rzeczpospolita study citing a survey of food prices.
  • Opposition parties remain split in their approach to election strategy, with opposition parties recognizing the risk of a split vote, but divided in the best strategy to prevent PiS retaining a majority of parliamentary seats, according to Gazeta Wyborcza.
  • Bloomberg write on the mortgage holiday rules across Poland, writing that the law halting loan payments will result in Polish banks’ record profits being wiped out. Additionally, relief for borrowers will be brief at best, with most loans across Poland remaining on variable rates.
  • DGP writes that Poland will likely start paying out subsidies to households on heating in late September/early October. These subsidies will not require means testing or be subject to income brackets, with the government looking to avoid any delay in payments.
198 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • In an article written for Rzeczpospolita, NBP governor Glapinski writes that global price growth continues to be fuelled by commodity prices as well as supply chain disruption. These leaves external factors being responsible for around 75% of CPI deviation from the bank’s target.
  • Food inflation could accelerate in the coming month, despite the reported decrease of FAO Food Price Index for a fourth month in a row, according to a Rzeczpospolita study citing a survey of food prices.
  • Opposition parties remain split in their approach to election strategy, with opposition parties recognizing the risk of a split vote, but divided in the best strategy to prevent PiS retaining a majority of parliamentary seats, according to Gazeta Wyborcza.
  • Bloomberg write on the mortgage holiday rules across Poland, writing that the law halting loan payments will result in Polish banks’ record profits being wiped out. Additionally, relief for borrowers will be brief at best, with most loans across Poland remaining on variable rates.
  • DGP writes that Poland will likely start paying out subsidies to households on heating in late September/early October. These subsidies will not require means testing or be subject to income brackets, with the government looking to avoid any delay in payments.