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Pro-EU Leaders To Ink Coalition Deal, Talk Of Potential Action Against NBP Gov Gains Traction

POLAND
  • Leaders of three pro-EU political blocs are due to sign a draft coalition agreement at 11:00GMT/12:00CET, setting the stage for the formation of the next government. The Left's Krzysztof Gawkowski said that the deal will include a joint policy agenda as well as the appointments for the positions of Sejm and Senate Speakers. According to RMF FM, the pact will also divide ministerial portfolios among participating parties, albeit without specifying the names of specific ministers - which according to Gawkowski may become known within 3-4 weeks. Reports circulated by local media outlets suggest that Gawkowski will become a Deputy Prime Minister holding the Digital Affairs portfolio. PSL's Wladyslaw Kosiniak-Kamysz is set to become the other Deputy Prime Minister, taking on the Defence portfolio. PL2050's Szymon Holownia will likely become Sejm Speaker.
  • MPC member Przemyslaw Litwiniuk told TVN24 that in his view Poland will not reach its inflation target before 2026. His colleague Ludwik Kotecki told Business Insider that he thinks a longer pause in interest-rate action would be appropriate and echoed Litwiniuk's prediction re: reaching the inflation target. Kotecki added that at the November meeting, the MPC unanimously adopted a very critical opinion on the draft 2024 budget bill, which will be submitted to parliament.
  • RMF FM reported that the incoming administration considers bringing a case against NBP Governor Adam Glapinski to the Tribunal of State over his alleged failure to comply with his legal obligations. Glapinski has been accused by another NBP Board member of illegally obstructing the work of other NBP officials, which the Governor continues to deny. Initiating a trial would require 115 signatures from lawmakers and a simple majority of votes in the lower house, which would automatically entail the Governor's suspension and put his ouster on the table.
  • Fitch may review Poland's credit rating after hours today.
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