off-the-wire

Poland - Factors to Watch May 8

Kitco Media
By Reuters
Published:
Updated:
Reuters
WARSAW, May 8 - The following are news stories, press reports and events that may affect Poland's financial markets on Friday. ALL TIMES GMT (Poland: GMT + 2 hour):


POLAND'S GOLD RESERVES The National Bank of Poland increased its gold reserves by 15 tonnes in April, the biggest monthly increase since 2019. Poland's gold reserves now amount to 243.5 tonnes, Gazeta Polska Codziennie reports.


COMMERCIAL BANKS Almost all banks that have published first quarter results reported lower or only marginally higher interest margins compared to the last months of the 2022. That may imply a change of trend as interest margins have been continuously rising since late 2021, Rzeczpospolita daily reports.
ZLOTY EXCHANGE RATE


Polish zloty is at a strongest level to the euro since May-June of 2022 amid support from improving trade balance and direct investments, Dziennik Gazeta Prawna reports.




****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)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.