INFLATION EBRD chief economist Beata Javorcik told Parkiet daily that economic slowdown in Poland will contribute to a decline in inflation over time, but it could take a while. Besides, the decline in real income and consumption is not dramatic enough to make inflation disappear quickly. MORTGAGE RISK The new president of the Polish Bank Association, Tadeusz Bialek, said that the growing legal risk of mortgage loans, both in foreign currency and zlotys, has now become one of the biggest challenges for the banking sector, Parkiet daily reported.
PRICES Member of the Monetary Policy Council (MPC) Joanna Tyrowicz said that currently inflation is completely spread over all sectors of the economy. Some businesses are beginning to see that the ability to raise prices is smaller, but this does not mean that they will stop growing, only that growth rate will ease, Gazeta Wyborcza daily reported.
UKRAINIAN EXPORTS The European Commission intends to help export Ukrainian agricultural products from Central Europe. The EC also proposes that meat, eggs, milk and sugar from Ukraine be subject to a vetting procedure, Dziennik Gazeta Prawna daily reported.
****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****
For other related news, double click on: Polish equities E.Europe equities Polish money Polish debt Eastern Europe All emerging markets Hot stocks Stock markets Market debt news Forex news For real-time index quotes, double click on: Warsaw WIG20 Budapest BUX Prague PX (Reporting by Warsaw Bureau)
