26March2026
Local governments ended 2025 with a slight surplus
Economic Analysis Daily
In today's Eyeopener:
- Today, weekly US jobless claims
- Local governments’ budget result amounted to PLN1.8bn in 2025
- Dąbrowski of the MPC: the Council leans towards keeping rates unchanged
- Stable zloty, strengthening of bonds25March2026
Industrial orders slightly up
Economic Analysis Daily
In today's Eyeopener:
- Today, German Ifo index for March
- Tyrowicz of the MPC: the NBP rate should be 4.75%
- In February, the unemployment rate rose to 6.1%, new industrial orders rose by 3.2% y/y
- A mild correction in the FX and FI markets, with a weakening of the zloty and an increase in yields24March2026
Hopes for a de-escalation of the Middle East conflict
Economic Analysis Daily
In today's Eyeopener
- Today: GUS Statistical Bulletin and flash March PMIs for the euro zone
- Retail sales up by 5% y/y in February, rebound in large-company investment in 4Q25
- Higher-than-expected rise in money supply, pickup in lending in February
- Market optimism after Donald Trump’s declaration of a halt in attacks on Iran23March2026
February retail sales may slightly disappoint
Economic Analysis Daily
In today's Eyeopener:
- Today, data on retail sales and money supply for February
- Polish firms assess their current situation more negatively, but their expectations remain optimistic
- Friday was calm on the FX market, although domestic yields continued to rise20March2026
ECB sketched shock scenarios
Economic Analysis Daily
In today's Eyeopener:
- Today results of the March business sentiment survey
- Solid industrial output, sub-consensus wage growth and construction output in February
- ECB left interest rates unchanged, sharply revised forecasts and outlined negative scenarios
- Limited moves in CEE FX markets, domestic bond yields up