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POLAND: Petrol Prices Could Prove Volatile Over Winter Months

POLAND
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion
  • PAP cite mBank analysts in reporting that higher deficits in Poland will not change the pace or beginnings of rate cuts in the country, with the MPC more targeted toward wage growth and unit labour costs. Separately, PAP reports their view that Glapinski eased his approach to monetary policy yesterday, bringing forward the possible date for a first rate cut to Q2’25, with an optimistic interpretation of inflation risks.
  • Onet cited sources in reporting yesterday irritation is growing in the ranks of the PiS as the search for a new Presidential candidate is yet to yield any results. Party sources are said to see there being no good candidate for now – and time pressure is building. Wiadomosci backs up the reporting, flagging that the party lacks funding to conduct the research.
  • Interia Biznes run an interview with the CEO of Unimot, who flags the risk of price movements in petrol prices later this year when the embargo on Russian LPG imports comes into effect from December.
  • Some sporadic issues being reported with portals on the Ministry of Finance website – but the outages should be resolved as work is underway to restore function.
  • Minister of Economic Development Paszyk has railed against suggestions for a four-day work week in Poland, stating that entrepreneurs deserve support, not further difficulties – adding that the plans would limit competitiveness against Czech Republic and Germany, according to 300.
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  • PAP cite mBank analysts in reporting that higher deficits in Poland will not change the pace or beginnings of rate cuts in the country, with the MPC more targeted toward wage growth and unit labour costs. Separately, PAP reports their view that Glapinski eased his approach to monetary policy yesterday, bringing forward the possible date for a first rate cut to Q2’25, with an optimistic interpretation of inflation risks.
  • Onet cited sources in reporting yesterday irritation is growing in the ranks of the PiS as the search for a new Presidential candidate is yet to yield any results. Party sources are said to see there being no good candidate for now – and time pressure is building. Wiadomosci backs up the reporting, flagging that the party lacks funding to conduct the research.
  • Interia Biznes run an interview with the CEO of Unimot, who flags the risk of price movements in petrol prices later this year when the embargo on Russian LPG imports comes into effect from December.
  • Some sporadic issues being reported with portals on the Ministry of Finance website – but the outages should be resolved as work is underway to restore function.
  • Minister of Economic Development Paszyk has railed against suggestions for a four-day work week in Poland, stating that entrepreneurs deserve support, not further difficulties – adding that the plans would limit competitiveness against Czech Republic and Germany, according to 300.