A Polish government spokesman said on Monday the government sees no threat to Poland's banking system but is monitoring the situation in the wake of UBS's hasty takeover of Credit Suisse. European banking stocks and bonds fell sharply on Monday as worries persisted about the health of the global banking sector.
Polish corporate sector wages rose more than expected in February while employment dropped, statistics office data showed on Monday, as companies adjust to an economic slowdown and a record rise in the minimum wage.
Polish consumers say they are struggling to pay household bills and buy basic groceries as price rises have reached their steepest in more than a quarter of a century. Inflation in Poland was 18.4% year on year in February, according to statistics office data released on Wednesday, the highest in 26 years, although economists have predicted it will mark the peak of the current cycle.
1
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required