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POLAND: NBP Says Planned 2025 Budget Limits Room For Rate Cuts

POLAND
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion
  • In comments to the 2025 budget, the NBP's MPC says that the general government deficit to GDP ratio will be close to 6% this year, compared with 5.7% seen in the updated budget draft.
  • According to Bloomberg, the central bank says that the structural deficit may remain at a very high level next year, and reducing it would be desirable.
  • As a result, the planned budget limits room for interest rate cuts.
    • "*POLISH CENTRAL BANK SEES 2024 DEFICIT/GDP CLOSE TO 6%"
    • "*POLISH CENTRAL BANK SAYS FISCAL POLICY CURBS ROOM FOR RATE CUTS" - BBG
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  • In comments to the 2025 budget, the NBP's MPC says that the general government deficit to GDP ratio will be close to 6% this year, compared with 5.7% seen in the updated budget draft.
  • According to Bloomberg, the central bank says that the structural deficit may remain at a very high level next year, and reducing it would be desirable.
  • As a result, the planned budget limits room for interest rate cuts.
    • "*POLISH CENTRAL BANK SEES 2024 DEFICIT/GDP CLOSE TO 6%"
    • "*POLISH CENTRAL BANK SAYS FISCAL POLICY CURBS ROOM FOR RATE CUTS" - BBG