The MPC decision and avalanche of comments from the FED
The zloty made it through the May weekend on dry land despite quite important events on the global market that will shape the quotations in early May. The decision of the Monetary Policy Council is ahead of us and the game is about when the Fed will lower interest rates.
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April 30 2024
Increasing VAT on food did not significantly increase inflation
According to the flash estimate of inflation published today by the Central Statistical Office, prices increased by 2,4% in April. This is below the above market consensus, which was 2,5%. The effect of price increases resulting from the return of the VAT rate to [...]
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April 30 2024
Inflation in Poland is rebounding, but as expected
We have just finished a series of macroeconomic readings from Europe and Poland. The data generally surprised on the upside, although in the case of Poland the readings were basically in line with expectations. What's next with inflation in Poland and will it create [...]
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April 24 2024
Disastrous data from the Polish industry weighs heavily on the zloty
The Polish zloty is weakening today in relation to major currencies, such as the euro or the dollar. The reasons for this state of affairs can be found in industry data, which worsened the sentiment around the Polish currency. Central Statistical Office data indicated that the new [...]