Polish industrial output may surprise on the downside, …
… which would further raise bets on interest rate cuts
Central European currencies mildly strengthened yesterday as global equity gained and safe haven bond yields slid lower. Weaker-than-expected labour market data in Poland were largely ignored. Despite sluggish employment growth, we believe that the underlying labour market trends in the country remain positive and will increasingly support consumption expenditures.
Read the full report: FX Daily