VAT on food up, average annual inflation unchanged

MACROmap today:

• FOMC meeting may add to market volatility
• Poland’s industrial production and retail sales data positive for the PLN
• PMI figures to show slight improvement in the Eurozone
• Moody’s to affirm Poland’s rating and outlook
• EURPLN exchange rate at lowest level in 4 years
• VAT on food up, average annual inflation unchanged

We are pleased to announce that in the best macroeconomic analyst competition organized by the Parkiet and Rzeczpospolita newspapers, the team of Credit Agricole Bank Polska economists took 2nd place in terms of accuracy of inflation forecasts in 2023.The ranking took into account forecasts for 4 quarters prepared between Q1 2022 and Q4 2023 by more than 30 participants.