Today consumer confidence and construction output
Economic Analysis | DailyIn today's Eyeopener:
- Today data on construction production for October and consumer survey for November
- MPC’s Kochalski: discussion on rate cuts in March, irrespective of energy price regulations
- Further pressure from strong dollar, domestic market rates down
Additional half a year without capacity fee
Economic Analysis | DailyIn today's Eyeopener:
- Today no key data releases or planned economic events
- The government approved draft act on extension of energy price freeze to a part of 2025
- More remarks from MPC about the possible timing of the first rate cut
- USD gained on higher geopolitical tension
Energy prices will not grow in 1H25
Economic Analysis | DailyIn today's Eyeopener:
- Today HICP inflation data in Poland and the eurozone, Hungarian central bank decision
- Polis core inflation down in October to 4.1% y/y from 4.3%
- The government wants to extend the suspension of the capacity fee collection
- Złoty temporarily weaker, market rate declines
CPI inflation at 5%, core inflation likely above 4%
Economic Analysis | DailyIn today's Eyeopener:
- Today core CPI for October
- October CPI inflation confirmed at 5.0% y/y, services prices up 6.7% y/y
- Central budget deficit close to PLN130bn after October
- PLN appreciation and stronger Polish bonds
GDP growth slightly below 3% y/y
Economic Analysis | DailyIn today's Eyeopener
- Today, CPI data for October
- GDP growth slowed to 2.7% y/y in 3Q24
- MPC members see space to discuss interest rate cuts in March
- Finance Ministry to present a plan of energy price freeze next week
- Zloty stronger, market rates lower