Poland - Factors to Watch May 6

Erste Bank AG

06/05/2025 06:41

WARSAW, May 6 - The following are significant news stories, press reports and events on Tuesday. ALL TIMES GMT (Poland: GMT + 2 hours):

INTEREST RATES

A two-day meeting of Poland's Monetary Policy Council begins on Tuesday. Most analysts polled by Reuters expect a 50 basis point cut in interest rates, the first since October 2023.

IMPORT FROM CHINA

The price war between the US and China may mean higher costs for some Polish companies. Entrepreneurs say that there are already the first signals that Chinese contractors are raising prices, Rzeczpospolita daily reported.

SANTANDER BANK POLSKA

Erste Group Bank ERST.VI has bought a 49% stake in Santander's Polish bank for around 6.8 billion euros ($7.7 billion), turning Austria's largest lender into one of the most important banks in Poland and freeing up billions for Santander SAN.MC.

****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****

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 (Reporting by Warsaw Bureau)

 ((warsaw.newsroom@reuters.com; tel. +48 22 6539700))