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Mixed Messages From MPC on Rate Cuts; Lower House to Ratify Recovery Fund Q1

POLAND

LOCAL NEWS

  • MPC's Gantar sees no justification to lower rates & "completely rejects negatives rates as inflation is basically the highest in EU".
  • Also says the sudden change to cuts is surprising and isn't sure if a majority in the MPC can be achieved - BBG
  • Polish lower house is expected to ratify the EU recovery fund in Q1,
  • but expect potential opposition from PiS junior coalitionist Solidarna Polska, nationalist Konfederacja and maybe some euroskeptic PiS politicians - Rzeczpospolita
  • PiS may hold a party convention in Q2, covering controversial topics, such as justice system reform or division on the Mazowsze province, could re-emerge on the occasion once internal issues are resolved - Rzeczpospolita
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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