Free Trial

Government May Introduce Local Lockdowns

  • Finance Minister Tadeusz Koscinski said in a conference today that Poland may reintroduce local lockdowns in order to prevent another 'worse-case' scenario from happening again.
  • As CEE governments have been constantly criticized over the poor management of the Coronavirus pandemic (last winter / spring), leaders will be more 'risk averse' this time to avoid losing popularity.
  • FinMin Koscinski added also that Polish economy will emerge from the Covid 4th wave 'without excessive costs'.
  • Today's speech sounded more optimistic than the recent comments from Health Minister Adam Niedzielski; he said that the government may take 'drastic steps' in case the situation continues to deteriorate.
  • The stringency and longevity of the restrictions will strongly depend on the magnitude of the 4th wave in the coming weeks.
  • USDPLN is unchanged following Koscinski comments, currently trading slightly above 3.98; resistance to watch on the topside stands at 4.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.