Poland - Factors to watch November 10
TLT•Polish cities are increasing security after a mass shooting in Krakow that killed six people. Senators can nominate candidates for two Monetary Policy Council seats through November 25, while a former council member said rates may rise if January fuel prices are not lowered and inflation significantly exceeds 4%.
1. Krakow shooting response
Thousands of people, including Poland’s president and prime minister, joined a silent march in Krakow on Monday after a Polish man killed six people in the city’s main square. Polish cities are closing historic centres to cars and increasing security patrols. A newspaper reported that online groups formed around the killer and that misinformation about the shooting received more than 200 million views.
2. Council seats and rates
Senators can submit nominations for two new Monetary Policy Council members from November 9 through November 25 at noon. Former council member Ludwik Kotecki said the council may want to raise interest rates if there are no government measures to lower fuel prices in January and inflation significantly exceeds 4%.
3. Defence industry talks
Polish Defence Minister Wladyslaw Kosiniak-Kamysz travelled to Washington. He said an agreement on cooperation between the Polish and American defence industries could be signed during his visit.
