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Glapinski Flags Uncertain Growth Prospects for Q3

POLAND
  • Following Wednesday's unchanged rate decision, NBP governor Glapinski stats that in Q3 we could see a slowdown in the Polish economy, adding that he is seeing worsening conditions.
  • On inflation, he states that commodity shocks are driving prices higher, but there are signals that shocks that caused inflation are calming down.
  • So far, largely inline with the sentiment seen through yesterday's policy statement, with markets looking for any confirmation from the bank that this could mark the end of their tightening cycle.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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