MNI China Daily Summary: Wednesday, February 19

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GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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NBP: Governor Glapinski Does Not Expect To Be Outvoted By Colleagues

NBP
PolandCEEMEAEM BulletBulletEmerging Market News

The Governor says that he has always been in the majority whenever MPC voted on interest-rate action, he does not expect this to change. This deviates from his earlier comments emphasising that he could potentially be outvoted by other members. He notes that he interacts with various departments within the central bank and hence will likely know when conditions are ripe to loosen monetary policy.

  • The Governor draws the familiar line between a "discussion" on rate cuts and rate cuts themselves as two distinct stages of the process, but avoids making commitments to action at any specific point in time.
  • Glapinski says that his Czech counterpart told him about his plan to add bitcoin to central bank reserves when they spoke on the sidelines of the Jackson Hole symposium, but there are no such plans in Poland.
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The Governor says that he has always been in the majority whenever MPC voted on interest-rate action, he does not expect this to change. This deviates from his earlier comments emphasising that he could potentially be outvoted by other members. He notes that he interacts with various departments within the central bank and hence will likely know when conditions are ripe to loosen monetary policy.

  • The Governor draws the familiar line between a "discussion" on rate cuts and rate cuts themselves as two distinct stages of the process, but avoids making commitments to action at any specific point in time.
  • Glapinski says that his Czech counterpart told him about his plan to add bitcoin to central bank reserves when they spoke on the sidelines of the Jackson Hole symposium, but there are no such plans in Poland.