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NBP Keeps Rates On Hold, Tusk To Announce News Re: EU Green Deal On Saturday

POLAND
  • The National Bank of Poland (NBP) kept interest rates unchanged Wednesday, in line with unanimous consensus call. The statement included the main parameters from the new inflation projection, with the forecast horizon extended through end-2026. The inflation outlook was revised lower, while GDP growth is now expected to be faster. The Monetary Policy Council (MPC) pointed to considerable uncertainty, which is "markedly asymmetric." Governor Adam Glapinski will hold his press conference today at 14:00GMT/15:00CET.
  • Prime Minister Donald Tusk said that he will have "important news" re: EU Green Deal for protesting farmers when they meet for another round of talks on Saturday. The protesters clashed with the police yesterday as several of them tried to enter parliament buildings.
  • Constitutional Tribunal Chief Justice Julia Przylebska lambasted a parliamentary resolution, which called for an overhaul of the judicial body and declared that the appointment of three judges should be considered invalid. Deputy Justice Minister Dariusz Mazur suggested that the verdicts reached with the participation of these judges could be declared void.
  • Tensions are simmering between ruling coalition partners after Sejm Speaker Szymon Holownia delayed a debate on the proposed changes to abortion law until after the upcoming regional elections, drawing the ire of left-wing MPs.
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  • The National Bank of Poland (NBP) kept interest rates unchanged Wednesday, in line with unanimous consensus call. The statement included the main parameters from the new inflation projection, with the forecast horizon extended through end-2026. The inflation outlook was revised lower, while GDP growth is now expected to be faster. The Monetary Policy Council (MPC) pointed to considerable uncertainty, which is "markedly asymmetric." Governor Adam Glapinski will hold his press conference today at 14:00GMT/15:00CET.
  • Prime Minister Donald Tusk said that he will have "important news" re: EU Green Deal for protesting farmers when they meet for another round of talks on Saturday. The protesters clashed with the police yesterday as several of them tried to enter parliament buildings.
  • Constitutional Tribunal Chief Justice Julia Przylebska lambasted a parliamentary resolution, which called for an overhaul of the judicial body and declared that the appointment of three judges should be considered invalid. Deputy Justice Minister Dariusz Mazur suggested that the verdicts reached with the participation of these judges could be declared void.
  • Tensions are simmering between ruling coalition partners after Sejm Speaker Szymon Holownia delayed a debate on the proposed changes to abortion law until after the upcoming regional elections, drawing the ire of left-wing MPs.