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Poland - Factors to Watch on Oct 26

Source: Reuters - Mon 26th Oct 2009

Here are news stories, press reports and events to watch which may affect Poland's financial markets on Monday. ALL TIMES GMT (Poland GMT + 1 hours):


Further interest rate cuts in Poland are too risky now and any changes to borrowing costs should be made after the first quarter of 2010, the central bank's Monetary Policy Council(MPC) member wrote in an article on Monday.


Brunon Bartkiewicz, chief executive of ING Bank SlaskiSLAS.WA - a Polish unit of ING Group NV - resigned from the position, the bank said in a statement on Monday.


Poland will soon sign a deal to sell a total 40 million euros ($60 million) of surplus greenhouse gas emission rights to Spain and Ireland, the country's first such government-to-government deal under the Kyoto Protocol, its environment minister said.


Poland will issue three-year and five-year Samurai bonds in November, documents filed with Japanese financial authorities showed on Monday.


The finance ministry offers 0.4-0.5 billion zlotys in 52-week treasury bills at a tender. Results due at 1100 GMT.


Rising unemployment and weak wage growth took their toll on Poland's consumers last month, data showed on Friday, but the EU's largest ex-communist economy is expected to maintain modest growth in the third quarter.


Poland's central bank should cut its main interest rate by at least another 25 basis points and reduce its deposit rate to zero to force banks to lend more, a candidate for the bank's monetary policy council said on Friday.

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