Polish Prime Minister Donald Tusk has secured the release of funds worth up to 137 billion euros from the European Union, ending years of feuding with Brussels over democratic standards in a boon to central Europe's largest economy. Last December, a coalition of pro-EU parties took power, ousting the nationalist Law and Justice (PiS) party after eight years marked by frequent clashes with the European Commission, notably over judiciary reforms the Commission said harmed the independence of Polish courts. PiS said the changes were necessary to make the system fairer and more efficient and rid it of vestiges of communism.
Poland's core inflation, excluding food and energy prices, measured 6.9 percent year on year in December, down from 7.3 percent recorded in November, Poland's central bank (NBP) announced in a statement.
CEE: Weak data confirming weak economy
The calendar today offers data on industrial production in Hungary and retail sales in the Czech Republic for September.
Poland's core inflation, which excludes the prices of food and energy, measured 10.0 percent year on year in August and was down from July's 10.6 percent, the National Bank of Poland (NBP) said on Monday.
(Bloomberg) Market turmoil triggered by Poland’s surprisingly big interest-rate cut is spilling over to its emerging European peers, with bets on Czech monetary easing increasing and the koruna weakening.Most Read from BloombergUS Probes Made-in-China Chip as Tensions Flare Over TechnologyHong Kong to Ease Shutdown After Record Rain Overwhelms CityEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsApple’s 2-Day Slide Nears $200 Billion on China IPhone CurbsBoss of Failed C