Polish Weekly Review, 4 października 2013

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The first week of October brought us surprisingly strong PMI release, a further sign of a forthcoming recovery in Polish economy. The surprise was mainly due to unexpected increase in employment, which indicates a brighter future for polish labour market. Wednesday’s MPC meeting was a non-event. Everything went according to the plan, as rates remained unchanged and a quasi-forward guidance was maintained. Our baseline scenario (accelerating growth and stable interest rates) is materializing itself.

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