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Lawmakers Will Debate Glapinksi Candidacy For Second Term

POLAND
  • Parliament committee to discuss Duda’s proposal to appoint central bank Governor Adam Glapinski for second term at 12pm CET (BBG).
  • Polish Development Fund PFR Borys Now Sees Terminal Rate at 5.5% and expects the energy price shock to expire in the next 3 to 4 quarters.
    • The upward readjustment from PFR fund has been quite significant in recent months; Borys was expecting a terminal rate between 2 and 3 percent in December 2021.
  • With the FRA 9Mx12M trading at 143bps above the Wibor 3M, the market is pricing in a terminal rate between 5.75% and 6%.

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