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POLAND: FinMin Seeks Ways To Keep Lid On Energy Prices In 2025, Final CPI On Tap

POLAND
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  • Finance Minister Andrzej Domanski told TVN24 that next week the government will present a plan to keep energy prices in check through the whole 2025. The official said that the government is seeking ways not just to freeze household tariffs but to lower them amid a drop in wholesale prices. The implementation of measures to ease the burden from energy prices on households would likely be reflected in the inflation path and could accelerate the NBP's decision to cut interest rates. In its most recent macroeconomic forecast, the central bank analysed two extreme scenarios, one assuming a full withdrawal of current price caps and one assuming their full extension. The parameters of the updated measures will.
  • Money.pl reported that none of the parliamentary caucuses nominated candidates to fill the vacancies that will be left in the Constitutional Tribunal after the retirement of three outgoing judges (including Chief Justice Julia Przylebska) by the end of this year, even as the deadline expired on November 9. Sources close to the Sejm Speaker told money.pl that the situation is unprecedented and they are still discussing whether the deadline could be postponed.
  • Statistics Poland will publish final October CPI data at 09:00GMT/10:00CET. Preliminary data showed that headline inflation accelerated to +5.0% Y/Y last month, reaching a level that is double the NBP's target. However, Governor Glapinski said that 2.3pp of the increase in prices was added by regulatory and administrative factors which are beyond the NBP's control.
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  • Finance Minister Andrzej Domanski told TVN24 that next week the government will present a plan to keep energy prices in check through the whole 2025. The official said that the government is seeking ways not just to freeze household tariffs but to lower them amid a drop in wholesale prices. The implementation of measures to ease the burden from energy prices on households would likely be reflected in the inflation path and could accelerate the NBP's decision to cut interest rates. In its most recent macroeconomic forecast, the central bank analysed two extreme scenarios, one assuming a full withdrawal of current price caps and one assuming their full extension. The parameters of the updated measures will.
  • Money.pl reported that none of the parliamentary caucuses nominated candidates to fill the vacancies that will be left in the Constitutional Tribunal after the retirement of three outgoing judges (including Chief Justice Julia Przylebska) by the end of this year, even as the deadline expired on November 9. Sources close to the Sejm Speaker told money.pl that the situation is unprecedented and they are still discussing whether the deadline could be postponed.
  • Statistics Poland will publish final October CPI data at 09:00GMT/10:00CET. Preliminary data showed that headline inflation accelerated to +5.0% Y/Y last month, reaching a level that is double the NBP's target. However, Governor Glapinski said that 2.3pp of the increase in prices was added by regulatory and administrative factors which are beyond the NBP's control.