February 10, 2025 08:17 GMT
POLAND: Tusk Unveils Economic Strategy, MPC's Kotecki Says March Cut Is Unlikely
POLAND
- Prime Minister Donald Tusk and Finance Minister Andrzej Domanski will unveil the government's new economic strategy during an event at the headquarters of the Warsaw Stock Exchange starting at 10:00GMT/11:00CET. Government officials have been reluctant to share any details ahead of the event and the details have been kept secret. However, a source report circulated by Money.pl suggested that Tusk will announce increased deregulation, several large foreign investments in Poland (potentially in the AI sector), an acceleration of the procurement of nuclear energy, as well as an investment plan involving EU aid and possibly new investment funds.
- MPC's Ludwik Kotecki admitted that Polish central bankers are unlikely to greenlight a rate cut as soon as in March, but in his view the start of the easing cycle is approaching quickly. Kotecki said that although a discussion on monetary easing could already take place next month, the first formal motion to lower rates could be tabled in April, after the MPC learns CPI figures for February and March. He noted that Governor Glapinski's press conference last week was a better reflection of the MPC's sentiment than the previous presser and reaffirmed the Governor's claim that many members are looking forward to the moment when they could responsibly vote for a rate cut.
- See our review of last week's NBP monetary policy meeting for a discussion of the rate decision and accompanying communique.
- Civic Coalition's Rafal Trzaskowski maintains his comfortable lead over Law and Justice's Karol Nawrocki, according to the latest presidential opinion polls.
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