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President Duda to Meet US Counterpart Biden On March 25

POLAND
  • Warsaw President Rafal Trzaskowski holds press conference on Ukrainian refugees in the city (BBG).
  • Poland sees the cost of helping Ukrainian refugees this year at more than EU2.2b, (PAP reports/BBG).
  • Last week, economic data showed that PPI inflation rose by 15.6% YoY in February (vs.15.2% exp). Average gross wages also came in higher than expected at 11.7% (vs. 9.9%), up from 9.5% the previous month.
  • On Friday, NBP member Janczyk said in an interview that policy tightening may ease in the coming months.
  • Janczyk added that the recent PLN gains prove that polish rate hikes have been ‘effective’.
  • Biden will travel to Warsaw on March 25 and hold bilateral meeting with President Andrzej Duda according to Bloomberg.

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