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POLAND
  • Poland wants to extend tax exemption for gains related to FX mortgage conversion for another year to encourage banks and borrowers to strike FX loan settlements, according to a draft bill published online (BBG).
  • This week, economic data showed yesterday that core CPI inflation accelerated to 5.3% YoY in December (vs. 5.2% exp.), up from 4.7% the previous month.
  • This follows the positive surprise in headline inflation earlier this month, which also accelerated to 8.6% in December.
  • The weakness in PLN in the past week has been weighing on Polish risky assets, with WIG20 index breaking below its 100DMA support this morning.
MNI London Bureau | +44 203-865-3850 | yvan.berthoux@marketnews.com
MNI London Bureau | +44 203-865-3850 | yvan.berthoux@marketnews.com

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