10June2025
Accelerated expenditure from Polish RRP
Economic Analysis
DailyIn today's Eyeopener:
- Today Czech inflation, US index of sentiment among small businesses
- Polish Finance Ministry’s data show a revival of spending from the Recovery and Resilience Plan
- Złoty stronger at the start of the week, the Polish yields curve keeps steepening9June2025
MPC members cautious about further rate cuts
Economic Analysis
DailyIn today's Eyeopener:
- Today in Poland the meeting of the ruling coalition leaders
- MPC members more sceptical about a possible rate cut in July
- Złoty weaker, bond yield curve higher6June2025
Conference of NBP governor: another turn of MPC
Economic Analysis
DailyIn today's Eyeopener
- Today US labour market report for May, EU retail sales, output and export in Germany
- Exceptionally short conference of NBP governor with clear signal of MPC’s hawkish turn
- ECB cut rates by 25bp, in line with expectations
- Zloty supported with hawkish message of Adam Glapiński, domestic rates up5June2025
Today the NBP governor to comment on rates
Economic Analysis
DailyIn today's Eyeopener
- Today post-meetings conferences of NBP and ECB governors
- MPC left interest rates and reserve requirement unchanged
- Weak data from the USA, confirmation of decline in European service PMIs in May
- Fitch and S&P see lower chances for fiscal consolidation in Poland after the election
- Stronger US bonds and weaker dollar
4June2025
MPC decides on monetary policy parameters today
Economic Analysis
DailyIn today's Eyeopener
- Today results of MPC meeting, leading indicators for services in Europe and USA
- Domestic output of services decelerated to 2.6% y/y in March according to Eurostat
- LFS unemployment rate revised upwards and printed 3.3% in April
- Zloty weaker again, domestic bond yields higher