Wszystkie
Dziennik Ekonomiczny: Pauza EBC, rozgrzana gospodarka USA
Zgodna z oczekiwaniami decyzja EBC o pozostawieniu stóp na niezmienionym poziomie oraz dobre dane z amerykańskiej gospodarki sprzyjały umocnieniu dolara. Złoty odrobił wczoraj środowe straty, umacniając się wobec euro do ok. 4,45 pod koniec dnia. Rentowności krajowych obligacji kontynuowały spadki, w ślad za tendencjami na rynkach bazowych.
Poland Macro Weekly: Approaching a single-digit inflation
We took a closer look at flagship election promises of the main political groupings, which we find rather generous and focused around social transfers. Tax cuts are also in the game for most of the parties.
Poland Macro Weekly: It can only get better
GDP in 2q23 fell by 0.5% y/y and we expect it to be the low point of this economic downturn.
Poland Macro Weekly: Let the cycle begin!
The Polish MPC surprised with a large 75bps interest rate cut. In our view NBP rate cuts will be continued, but the overall size of rates reduction will be smaller than the market currently prices in.
Poland Macro Weekly: Towards the interest rate cut in September
CPI inflation in August remained double-digit – it declined to 10.1% y/y from 10.8% y/y in July. Our estimates suggest a noticeable fall in core inflation and weakening of its momentum, which may convince the MPC to start rate cuts in September.