WOOD Flash – Poland macro: MPC extends the pause
Yesterday (10 May), the Monetary Council decided to keep the reference rate unchanged, at 6.75%, as expected, and maintained a dovish tone, implying that the tightening cycle has been completed. The economic data as of April suggest that domestic activity has likely turned for the better, but inflation remains high, with a return to the 2.5% target not in sight in the coming two years. Despite the government’s efforts to resolve the sticking points with the Commission, we believe that it is unlikely to see recovery funds being unlocked ahead of the elections this autumn. The incumbent PiS party is leading the polls in the run up to the parliamentary elections this autumn, and we believe that the next government is likely to be led by a PiS coalition, on the margin.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.