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POLAND: NBP Flags Uncertainty Over Energy Prices

POLAND

Highlights from the NBP's policy statement:

  • Demand and cost pressures in the Polish economy remain relatively low.
  • Council judges that consumer price growth is also constrained by the appreciation of the zloty exchange rate
  • However, price pressure in the domestic economy is stimulated by a marked wage growth […] Alongside that, the rise in prices of energy carriers increases inflation significantly.
  • The impact of higher energy prices on the inflation expectations is an uncertainty factor.

Link to the full statement here.

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