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President Duda To Meet Ukraine’s Counterpart

POLAND

LOCAL NEWS

  • NBP member Wnorowski recently mentioned in an interview that the tightening cycle is nearing its end, but the NBP could still raise rates in September, October.
  • Wnorowski added that he sees ‘slight’ inflation slowdown starting from September.
  • Poland’s justice minister lashed out at the European Union -- and took a swipe at Germany -- for “stealing” billions in EU funds, as a standoff between Brussels and Warsaw over financing escalates (BBG).
  • Yesterday, economic data showed that July retail sales rose 18.4% YoY (vs. 17.7% exp.), implying a 2% increase in real terms.
  • Polish President Duda will meet his Ukraine counterpart Zelenskiy to discuss situation in the country in addition to potential economic and military support.

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