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Maslowska Sees Odds of 2023 Rate Cut Rising

POLAND
  • NBP’s Maslowska spoke to Polska early Monday, stating that it is too early to talk about rate cuts in Poland – echoing similar comments from the likes of Tyrowicz and Kotecki – however did add that chances of rate cuts starting this year are getting bigger. Maslowska added that they see inflation in single digits by Q4, and 1ppt from target in 2025.
  • Late Friday, the Polish ruling party pressed ahead with legislation to set up a panel that could target opposition leader Tusk on Russia ties as part of an investigation into the influence of Moscow on Poland between 2007 and 2022. Dziennik reports this weekend that President Duda is leaning toward signing the inquiry panel into law.
  • NBP’s Kotecki is set to speak later today, ahead of a statement from President Duda and a separate news conference from PM Morawiecki. Polish videogame maker CD Projekt are set to report earnings just after the close.

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