MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: Brazil Annual Inflation Rises To 4.87% In November

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POLAND: Unemployment Rate Expected To Have Ticked Lower In June

POLAND
  • Finance Minister Andrzej Domanski said that there is no need to raise the budget deficit target for 2024 amid strong tax revenues. Domanski added that a stronger zloty keeps inflation in check, while high interest rates are having a slight negative impact on economic growth. The official reaffirmed GDP forecasts for 2024 and 2025.
  • Analysts from Citi Handlowy wrote that the Finance Ministry's FX holdings shrank in June, which suggests conversions into the PLN. They pushed back against interpretations that foreign currencies were exchanged in the market, lending support to the zloty. According to their calculations, the suspected conversions were likely conducted through the NBP, which in turn suggests that the Finance Ministry does not want to promote further PLN appreciation.
  • Poland's unemployment rate may have ticked lower to 4.9% in June, the lowest level since August 1990, from 5.0% prior. This would be in line with preliminary data from the Ministry of Family, Labour and Social Policy, with earlier sell-side comments flagging the possibility that the jobless rate could fall below 5% on the back of seasonal factors this summer. The data will be released at 09:00BST/10:00CEST.
  • The Finance Ministry will today sell PLN5-10bn of OK0426, DS0727, PS0729, WZ1129, DS0432, DS1034 and IZ0836 bonds at an auction.
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.