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Free AccessInflation To Decelerate to 8.3% in February
- Poland wants the European Union to unblock the funds from its post-pandemic stimulus package as the country “will need millions of euros” to help and integrate refugees coming from war-torn Ukraine, Deputy Foreign Minister Pawel Jablonski tells Bloomberg TV at Medyka border crossing (BBG).
- This morning, February inflation is coming out (9am London time) and is expected to decelerate to 8.3% YoY on the back of temporary VAT tax cuts (down from 9.2% the previous month).
- As a reminder, the NBP reviewed its inflation forecast to the upside; av. annual inflation is now expected to run at 10.8% in 2022 and 9.0% in 2023 before easing more visibly to 4.2% in 2024 according to the NBP.
- This morning, policymaker Sura said that the ‘sharp’ tightening should not cool the economy too much and added that the PLN would gain if EU funds were unlocked.
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Why MNI
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.