Research (Česká spořitelna)
Macroeconomics  |  September 26, 2012 09:15:35

Poland: Unemployment rose slightly, retail slows down


Data from Poland without much surprise. Unemployment has risen to tenth to 12.4%. Retail sales also hampered. In August, added 5.8% year on year. According to the governor Belka would be in October to vote on the cut. We are still leaning toward the fact that it will happen in November with a new inflation forecast. The probability that we will see in October but growing. Belka also said clearly that it will not be a one-off, but the beginning of a cycle. Asked whether the cut could be even higher than 25 bb said that he would not make CB sweeping changes in its policy if they no special reason. And he does not have the polish.

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