Free Trial

Polish CPI Seen Hitting New Multi-Decade High

CEE
  • Dziennik Gazeta Prawna reports that PiS wishes to delay both local and regional elections to 2024 – and a bill proposing the move will be presented this summer. The piece writes that elections in Spring that year would cross over with European parliamentary elections, meaning autumn could be more likely as PiS usually struggles.
  • Rzeczpospolita writes that seasonal employers are facing an acute shortage of workers, as reflected by an over 8x spike in job ads across agriculture & gardening as well as an over 56% increase in hospitality.
  • GDP and inflation data crosses at 0900BST/0400ET, with markets expecting Y/Y CPI to rise to 13.6% (and 1.5% M/M). This would mark the highest Y/Y CPI rate since the mid-1990s.
  • Czech Q1 GDP data came in ahead of expectations, at 0.9% vs. Exp. 0.7% (and 4.8% vs. Exp. 4.6%). That’s the fastest Y/Y clip of growth since Q2 2021.
  • Czech Finance ministry data shows foreign holdings of CZK bonds slipped to 26.7% at end-April, down from 27.6% the prior month. In nominal terms, that represents a drop to CZK 640.3bln from CZK 669.4bln.

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.