Poland - Factors to Watch Feb 23
Following are news stories, press reports and events to watch that may affect Poland's financial markets on Monday. ALL TIMES GMT (Poland: GMT + 1 hour):
RATES
It would be good to cut rates in Poland by at least 50 basis points in March, but such a move is unlikely to win a majority vote, Polish central bank rate-setter Andrzej Bratkowski said on Monday.
Polish rate-setter Jacek Rzonca warned against cutting interest rates further, saying in an interview for Rzeczpospolita daily that the bigger the cuts now, the bigger the hike in loan repayments in the future, when rates go back up.
EU SANCTIONS ON RUSSIA
Further sanctions on Russia are possible if the Minsk agreement is not upheld, and may even include excluding the country from the interbank SWIFT system, Poland's foreign minister Grzegorz Schetyna told Dziennik Gazeta Prawna daily.
UKRAINE
Ukraine is looking to increase its arms imports from Poland, Rzeczpospolita daily reported, adding that Polish defence industry representatives made an unofficial trip to Ukraine last week to develop trade links.
MINING
The cost of restructuring of the mining industry may have gone up to 5 billion zlotys ($1.4 billion), up from the originally estimated 3 billion, Rzeczpospolita daily reported.
JSW
Poland's deputy treasury Wojciech Kowalczyk is the strongest candidate to replace Jaroslaw Zagorowski as chief executive following Zagorowski's resignation, Dziennik Gazeta Prawna daily reported.
Referring to the news, Kowalczyk told private radio TOK FM that he was not a candidate for the position.
PKO BP
Ukraine's Kredobank, unit of Poland's largest lender PKO BP, has posted a net profit of 1.2 million zlotys in 2014, daily Puls Biznesu reported.
OSCARS
"Ida", black-and-white film directed by Poland's Pawel Pawlikowski, has won the Oscar in the Best Foreign-language film category.
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