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POLAND: NBP To Announce Rate Decision

POLAND
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion
  • The National Bank of Poland (NBP) is set to leave interest rates unchanged today amid what is expected to be a temporary flare-up in inflation, driven by higher energy costs and unfavourable base effects. However, the rhetoric of most MPC members have turned more dovish recently, pointing to the potential for starting a discussion on interest-rate cuts in early 2025. For more details, see our preview of today's NBP decision. Note that there is no fixed time for the announcement or for the release of the statement.
  • The parliamentary Constitutional Accountability Committee (ODK) launches a probe into the conduct of NBP Governor Adam Glapinski and will summon the first five witnesses to testify later today. The hearings will take place behind closed doors and the committee is planning to summon at least 50 witnesses. The Governor himself will likely be summoned closer to the end of the process.
  • President Andrzej Duda warned that although the costs of supporting Ukraine have been "material rather than human so far," he emphasised the phrase "so far," pointing to Russian imperial ambitions reaching beyond Ukraine's borders.
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  • The National Bank of Poland (NBP) is set to leave interest rates unchanged today amid what is expected to be a temporary flare-up in inflation, driven by higher energy costs and unfavourable base effects. However, the rhetoric of most MPC members have turned more dovish recently, pointing to the potential for starting a discussion on interest-rate cuts in early 2025. For more details, see our preview of today's NBP decision. Note that there is no fixed time for the announcement or for the release of the statement.
  • The parliamentary Constitutional Accountability Committee (ODK) launches a probe into the conduct of NBP Governor Adam Glapinski and will summon the first five witnesses to testify later today. The hearings will take place behind closed doors and the committee is planning to summon at least 50 witnesses. The Governor himself will likely be summoned closer to the end of the process.
  • President Andrzej Duda warned that although the costs of supporting Ukraine have been "material rather than human so far," he emphasised the phrase "so far," pointing to Russian imperial ambitions reaching beyond Ukraine's borders.