MNI: PBOC Net Drains CNY48 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1289 Fri; -0.35% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1289 FRI VS 7.1305

MNI China Daily Summary: Thursday, July 4

MNI BRIEF: China Has Four Months To Negotiate EU EV Agreement

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

Factory Orders Decline as Non-EU Orders Dip

DMP survey increases probability of August cut

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NBP's Dabrowski Says Interest Rates Could Be Lowered Next Year

POLAND
BulletEM BulletEmerging Market NewsHomepagePolitical Market News
  • MPC's Ireneusz Dabrowski told PAP news wire that wage growth is currently running too hot, but conditions may be ripe next year to lower interest rates. He refused to speculate on the scope of future cuts, "because we still have a very nervous situation." In his view, the November CPI report will show the full impact of raising energy price caps on inflation, which will prompt the MPC to initiate a "discussion about what to do next."
  • Prime Minister Donald Tusk declared that he would not stand in next year's presidential election, paving the way for Warsaw Mayor Rafal Trzaskowski to throw his hat into the ring. It is widely speculated that Trzaskowski may be up against Sejm Speaker Szymon Holownia.
  • The government has clashed with President Andrzej Duda over his refusal to sign off on the nomination for a new ambassador to NATO. Internal Affairs Minister Tomasz Siemoniak called the President's approach surprising, given that the head of state received intelligence "disqualifying" the current ambassador.
  • The Ministry of Family and Social Affairs played down its head Agnieszka Dziemianowicz-Bak's suggestion that the minimum wage would increase to 60% of average wage. The Ministry described that value as a non-obligatory target, adding that the minimum wage for 2025 will be set according to the existing rules.
212 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • MPC's Ireneusz Dabrowski told PAP news wire that wage growth is currently running too hot, but conditions may be ripe next year to lower interest rates. He refused to speculate on the scope of future cuts, "because we still have a very nervous situation." In his view, the November CPI report will show the full impact of raising energy price caps on inflation, which will prompt the MPC to initiate a "discussion about what to do next."
  • Prime Minister Donald Tusk declared that he would not stand in next year's presidential election, paving the way for Warsaw Mayor Rafal Trzaskowski to throw his hat into the ring. It is widely speculated that Trzaskowski may be up against Sejm Speaker Szymon Holownia.
  • The government has clashed with President Andrzej Duda over his refusal to sign off on the nomination for a new ambassador to NATO. Internal Affairs Minister Tomasz Siemoniak called the President's approach surprising, given that the head of state received intelligence "disqualifying" the current ambassador.
  • The Ministry of Family and Social Affairs played down its head Agnieszka Dziemianowicz-Bak's suggestion that the minimum wage would increase to 60% of average wage. The Ministry described that value as a non-obligatory target, adding that the minimum wage for 2025 will be set according to the existing rules.