Key data from Poland, eurozone and USA ahead
Economic Analysis | DailyIn today's Eyeopener:
- Today flash GDP for 1Q and details of April CPI in Poland, EC forecasts, US CPI
- Current account balance down to EUR325mn in March
- German ZEW index up more than expected, US PPI inflation beat forecasts
- Further strengthening of the zloty, rise of market rates
Wages and housing prices grew strongly in 1Q
Economic Analysis | DailyIn today's Eyeopener:
- Today March balance of payments in Poland, May reading of German ZEW index
- Further increase of real estate prices in 1Q according to NBP
- Strong wage growth in 1Q in national economy
- Neutral MPC minutes, some members still see need to hike interest rates
- Zloty slightly stronger, market rates up
The week with GDP and inflation
Economic Analysis | DailyIn today's Eyeopener:
- Today Czech inflation, April MPC minutes
- NBP governor’s press conference in a rather hawkish tone
- Poland’s credit ratings unchanged
- Marginal changes of the zloty's value, higher market rates
Today NBP Governor conference
Economic Analysis | DailyIn today's Eyeopener:
- Today, NBP governor's conference, Poland’s ratings reviews, US Michigan index
- The MPC left interest rates unchanged
- U.S. new jobless claims highest since mid-2023
- Zloty stronger again, stable on interest rate market
Further decline in market rates
Economic Analysis | DailyIn today's Eyeopener:
- Slight improvement in German production, weak output in Hungary
- Eurozone retail sales better than forecasts
- Number of foreigners performing work in Poland at record high in November 2023
- EURPLN nears 4.30, good sentiment on expectations of more Fed rate cuts