Poland's central bank is likely to keep rates on hold next week, but the spotlight will be on presidential elections. Elsewhere in EMEA and Latam, the focus will be on June CPI inflation data.
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Poland: Inflation to be high, but don’t expect a rate change yet
This week's domestic macro events will be overshadowed by the presidential election results in Poland.
During the week we’ll get June CPI details – likely showing persistently high core inflation (as implied by the flash reading). This shouldn’t be a market mover though – the MPC successfully convinced markets that rate changes are unlikely anytime soon.
Labour market figures should be more important, underpinning our call for only a gradual post-pandemic recovery.
EMEALatam Economic Calendar
Source: ING, Bloomberg
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