11September2025
Today ECB decision and US inflation
Economic Analysis
DailyIn today's Eyeopener
- Today ECB decision on rates and US inflation
- General government debt rose to 58.2% of GDP at the end of 2Q25
- Electricity prices in 2026 probably close to the cap level, according to PGE vicepresident
- Temporary weakening of the zloty, higher yields on Polish debt10September2025
Unemployment rate further up
Economic Analysis
DailyIn today's Eyeopener
- Today Czech inflation in August, Russian drones violated Polish airspace
- MPC’s Dąbrowski: no more than one rate cut this year
- Stronger RRP subsidy disbursement in July
- Registered unemployment rate up to 5.5% in August due to procedural changes
- Zloty below 4.25 per euro, slight rise in Polish bond yields9September2025
Market was not concerned by cut in credit outlook
Economic Analysis
DailyIn today's Eyeopener
- Today the government will discuss bill prolonging cap on energy prices
- French government did not win the vote of confidence
- Czech industrial output above expectations
- Minute changes on the domestic FX and FI markets despite Fitch decision8September2025
Rating unchanged, but outlook negative
Economic Analysis
DailyIn today's Eyeopener
- Mixed data from Germany, today industrial output in Czechia
- Fitch kept Poland’s rating at A-, but cut outlook to negative
- Diverging opinions of MPC members on further interest rate actions
- Stable zloty, lower yields of Polish bonds5September2025
The MPC is going to remain cautious
Economic Analysis
DailyIn today's Eyeopener:
- Today, August data from the US labour market
- Press conference of A. Glapiński slightly hawkish, inflation not yet tamed
- Further strong growth of services production in Poland
- Stronger-than-expected slowdown in euro area’s retail sales growth
- EURPLN stable, bond yields slightly down