Free Trial

Wnorowski Flags Concern With Wage Growth & Inflation Expectations

NBP

Wires carry comments from NBP's Henryk Wnorowski, who told BIZNES24 that he is concerned about the current pace of wage growth and inflation expectations.

  • "Considering everything that happened recently, what concerns me personally, are two things. I am concerned about wages, which keep rising, nominal and real wages. And I am concerned about inflation expectations. These are the two main factors which might result in worse scenarios for the second half of the year coming to fruition."
  • This comes after Statistics Poland reported that headline inflation accelerated less than expected to +2.5% Y/Y in May from +2.4% in April. Wnorowski commented that it was "a very good piece of information, we are within the target." However, "this doesn't change our task, which is about sustainability."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.