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Poland: Retail sales and MPC meeting in focus - TDS

According to analyst at TD Securities, Poland’s November real retail sales is expected at 6.5% Y/Y down from 7.8%.

Key Quotes

“Continued strong wage growth will ensure that household consumption is one of the main drivers of GDP growth this year.”

“Also the minutes of the MPC meeting which ended on 5 December will be released today, but they are unlikely to contain much that is new. With headline and core inflation both comfortably below the 2.5% target the consensus position on the MPC is that rates will be on hold well into next year if not beyond.”

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