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PM Morawiecki Considers The Level Of Inflation 'Worrisome'
- The NBP continues to receive external pressure with PM Morawiecki mentioning this morning that the current level of Polish CPI is 'worrisome' and hopes for an appropriate central bank reaction.
- As a reminder, the majority of the NBP board aims to keep interest rates low as the uncertainty over the economic outlook remains elevated.
- Governor Glapinksi reiterated at an economic forum in Warsaw yesterday that inflation in Poland continues to be driven by external supply shocks that MPC has no control of. He added that NBP is coming close to adjusting monetary policy and will not hesitate with tightening if needed.
- Polish PM Morawiecki also commented this morning that talks on EU funds could last several weeks or months.
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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.