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Pro-Choice Protests To Pick Up Again; Banks Call on NBP for FX Loan Assistance

POLAND

LOCAL NEWS

  • Nationwide pro-choice protests expected to pick up again following Wednesday's publication of justification to the abortion ban passed by the Constitutional Tribunal in October 2020 - Gazeta Prawna
  • EU Commission says Poland has one month to change the functioning of its contested Disciplinary Chamber so that it can no longer conduct proceedings against judges. Ignoring the deadline will bring Poland before the Court of Justice of the EU.
    • Brussels is also "looking carefully" at recent transfers of some Polish prosecutors to remote offices, seen as a form of punishment for their independence - Gazeta Wyborcza
  • Govt to announce its decision on potential restriction easing from Feb 1 - unlikely to change given recent rhetoric.
  • Polish Banks call on NBP to help in FX loan settlements to provide them with Swiss francs in case mass agreements with borrowers are reached.
    • NBP would buy CHF directly from the Swiss central bank to avoid strengthening of the currency. Local lenders would then use the currency to pay back their own debt used to finance FX mortgages. - bbg
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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