Case For June Rate Hike Grows

June 2004 | Market Strategy

After a hectic week for Polish T-Bonds, things are finally starting to look a little bit clearer. Prime Minister Marek Belka's long-running battle to build a parliamentary majority is now entering its final stages. He is looking to hold a final vote of confidence on June 24, and it seems that his chances of winning the backing of the Social Democracy of Poland (SDPL) parliamentary faction are rising. Following on from their poor performance in the European Parliament elections the SDPL has softened its demands for early elections. We are now watching for indications from the Peasants Party, to see

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