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Morning Summary: NBP Governor Glapinski To Give Press Conference Today

POLAND
  • Covid daily new cases continue to drop with the 7D SMA falling from 7,100 to 4,700 in the 7 days; therefore, PM Mateusz Morawiecki announced the gradual reopening of Poland economy last week.
  • Poland's Supreme Country will hold a meeting on the FX loans case today.
  • In a recent note following the NBP meeting on Wednesday, ING mentioned that NBP hinted market that inflation may stay higher longer than previously estimated, expecting inflationary pressures to decline only in 2022 (instead of second half of 2021).
  • ING expects Governor Glapinski to sound dovish on Friday during press conference (2pm London time), reiterating that rate hikes are still quite distant.

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