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March NBP Seen as Next Opportunity for Rates Move

POLAND
  • Reports broke yesterday that the government's subsidised mortgage plan will be tweaked, limiting aid to low-income households and those with large families. The changes come as the funds put aside for the program have been depleted, and the government look to support households with programs that don't put further upward pressure on house prices.
  • Late yesterday, NBP's Dabrowski stated that the bank should wait until March before making the next decision on interest rates. The March meeting would see the latest inflation projections released, and should see CPI slow to 3.4-3.9%. The comments follow Kightley's comments during the session yesterday, that flagged the risks of CPI undershooting forecast at the start of next year.
  • Later today, the Parliamentary Finance Committee are set to discuss the 2024 budget draft, and the 2024 bond sale plan should be released by the finance ministry.

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