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NBP Begins Monetary Policy Meeting, Sejm Speaker Discusses Situation Of Unseated Lawmakers

POLAND
  • The NBP's Monetary Policy Council begins its two-day meeting ahead of the announcement of its rate decision tomorrow. All 26 economists surveyed by Bloomberg expect the NBP to stand pat on rates, despite the above-forecast decline in headline inflation recorded last month. Governor Adam Glapinski will hold his usual press conference on Wednesday to explain the latest monetary policy decision and discuss the economic situation.
  • Sejm Speaker Szymon Holownia will conduct a series of consultations with the country's top legal officials on the situation of two MPs from the main opposition Law and Justice Party sentenced by the court. Both were pardoned by President Andrzej Duda before the announcement of the verdict and their subsequent dismissal as MPs, which most lawyers claim did not have legal effect. The President invited Holownia to a meeting on the matter this afternoon, with the two lawmakers vowing to try and participate in the Sejm session starting this week.
  • Poland's military command informed that it has detected another large-scale wave of Russian missile strikes against Ukraine and has launched procedures needed to ensure the safety of Polish airspace.
  • This coming Thursday, the NBP is expected to adopt an opinion on the budget bill drafted by the new government. Money.pl reports that it will be technical in nature but may warn of the consequences of the expected increase in budget deficit.
EM BulletHomepageBulletPolitical RiskEmerging Market News
EM BulletHomepageBulletPolitical RiskEmerging Market News

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