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NBP To Announce Rate Decision

POLAND
  • All eyes are on the National Bank of Poland today, which is expected to keep interest rates unchanged. Speculation that the central bank might formalise the end of its rate-hike cycle and the imminent release of fresh macroeconomic forecasts are what make this meeting perhaps the most significant one in recent months. There is no fixed time for the release of the statement, but the NBP typically gives notice shortly before announcing its rate decision and the subsequent publication of the statement. Governor Adam Glapinski's press conference has been confirmed for 15:00CET/14:00GMT tomorrow. We have discussed the main things to watch in the NBP announcement in more detail in our comprehensive preview, which also includes a summary of sell-side views and the central bank's previous macroeconomic projection.
  • Parliament resumes its three-day session after voting 300-99 to reject a draft bill tightening abortion regulations. The parliamentary caucus of the ruling Law and Justice party was divided, with 100 lawmakers voting against the bill and 88 backing further work on the legislation. The lower house will today discuss a proposal to liquidate the main news channel of the public broadcaster TVP, which the opposition says has been turned into the ruling party's mouthpiece.
  • Poland's EU Minister Szymon Szynkowski vel Sek told TVP1 that the budget "will not fall apart" without the influx of EU recovery funds, but "it would be good" to receive it as soon as possible in the environment of multiple geopolitical challenges.
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