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Two Opposition Party Off'ls Arrested In Presidential Palace, NBP Governor Holds Presser

POLAND
  • Local headlines are dominated by reports of the arrest of Mariusz Kaminski and Maciej Wasik, two senior officials of the former ruling (and now main opposition) Law and Justice party, who were sentenced by the court for abuse of power and were stripped of lawmaker status. Both were granted pardon by President Andrzej Duda in 2015, but the legality of the move has been widely contested as it was announced before their sentences formally took effect. The officials spent the whole day at the Presidential Palace yesterday, but the police entered the premises as soon as the President left for a meeting elsewhere, which triggered strong backlash from the Law and Justice party and President Duda. The President's Chancellery said that the head of state will deliver an address today at 10:30GMT/11:30CET.
  • Sejm Speaker Szymon Holownia confirmed that the meetings of parliament have been postponed until next week amid political chaos surrounding the detention of two former lawmakers. The meetings are of crucial importance, as parliament has to approve the revised 2024 budget bill by the end of January or face an early dissolution. Some opposition MPs have outlined plans to contest the bill in courts if Kaminski and Wasik are not allowed to participate in the debates and vote, albeit the ruling coalition suggested that this would not constitute sufficient legal grounds for overturning the fiscal plan.
  • The latest monetary policy meeting of the National Bank of Poland (NBP) was a non-event, with policymakers keeping interest rates unchanged in line with unanimous expectations. The Monetary Policy Council (MPC) said that "inflation developments in subsequent quarters are associated with uncertainty, related in particular to the impact of fiscal and regulatory policies on price developments". Governor Adam Glapinski will hold a press conference to discuss the economic situation at 14:00GMT/15:00CET.
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