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PM Morawiecki Says Poland Ready to Ban Russian Coal if It Gets EU Backing

POLAND
  • This morning, PM Morawiecki mentioned in a news conference that Poland stands ready to ban Russian coal if it gets EU backing. He also added that half a million people cross from Ukraine since the war began.
  • Yesterday, the NBP mentioned that it intervened in markets to ease the selling pressure on PLN.
  • As Poland remains the most vulnerable economy to the Russia/Ukraine conflict, PLN has been depreciating aggressively in recent weeks, with PLN falling to its lowest level since 2009 (against the Euro).
  • NBP member Sura mentioned yesterday that the central bank supports a strong PLN as it would help fight inflation.

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