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POLAND: FinMin Expects Rebound In Consumption Next Year, M'fing PMI Due Shortly

POLAND
PolandCEEMEAEM BulletBulletEmerging Market News
  • Finance Minister Andrzej Domanski said that the slowdown in consumer spending recorded in Q4 should partly reverse next year. Separately, Pekao wrote that the pace of rebuilding savings is slowing and will not be the leading theme in consumer behaviour next year, with household set to switch to the more typical pattern of smoothing out consumption.
  • The Constitutional Tribunal will trigger succession proceedings on Friday with Chief Justice Julia Przylebska set to vacate her post next week. Two more judges from the top court, which found itself at the centre of intensive political turmoil under Przylebska's stewardship, are set to retire by the end of this year.
  • The Finance Ministry will offer PLN5bn-10bn worth of OK0127, PS0130, WZ0330, DS1034 and IZ0836 (with other series also possible" at a regular auction on December 11, according to its issuance plan for this month. It will also hold a regular or bond switching auction on December 18, with the decision on the auction type set to be made on December 16.
  • S&P Global Manufacturing PMI will hit the wires at the top of the hour, with consensus looking for a negligible downtick to 49.1 from 49.2 recorded in the previous month.
  • Later this week, the NBP will announce its final rate decision of the year on Wednesday, with a presser set to follow on Thursday. Rates are expected to remain on hold at least until March.
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  • Finance Minister Andrzej Domanski said that the slowdown in consumer spending recorded in Q4 should partly reverse next year. Separately, Pekao wrote that the pace of rebuilding savings is slowing and will not be the leading theme in consumer behaviour next year, with household set to switch to the more typical pattern of smoothing out consumption.
  • The Constitutional Tribunal will trigger succession proceedings on Friday with Chief Justice Julia Przylebska set to vacate her post next week. Two more judges from the top court, which found itself at the centre of intensive political turmoil under Przylebska's stewardship, are set to retire by the end of this year.
  • The Finance Ministry will offer PLN5bn-10bn worth of OK0127, PS0130, WZ0330, DS1034 and IZ0836 (with other series also possible" at a regular auction on December 11, according to its issuance plan for this month. It will also hold a regular or bond switching auction on December 18, with the decision on the auction type set to be made on December 16.
  • S&P Global Manufacturing PMI will hit the wires at the top of the hour, with consensus looking for a negligible downtick to 49.1 from 49.2 recorded in the previous month.
  • Later this week, the NBP will announce its final rate decision of the year on Wednesday, with a presser set to follow on Thursday. Rates are expected to remain on hold at least until March.