Politics of memory

PI Alert
16:00
06.09.2023

The MPC surprises with the scale of interest rate cuts

At the September meeting, the Monetary Policy Council (MPC) has decided to cut interest rates for the first time in over three years. The reference rate of the National Bank of Poland fell by 0.75 p.p. – to 6 per cent (the median of market expectations indicated a 0.25 p.p. cut to 6.5 per cent). In reaction to the decision the zloty weakened rapidly – to PLN 4.26 per dollar (PLN 4.19 before the decision), and PLN 4.57 per euro (previously PLN 4.50). The decision shows that the MPC is more afraid of an economic slowdown than of sustaining high inflation. We will write more about the implications of this decision in tomorrow's analysis.

PI Alert
16:22
08.08.2023

The president decided on the date of the election

Andrzej Duda ordered parliamentary elections to the Sejm and Senate for October 15, 2023. After the president's decision is published in the Journal of Laws, the official election campaign will begin, and the parties will create election committees and start collecting signatures under the electoral lists. The election campaign will last until midnight on October 13.

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