Yen Edges Higher as Weak US Data Dampens Fed Rate Hike Expectations 
Colombia Earthquake Losses Estimated at $9.58 Billion as Reconstruction Challenge Mounts 
S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint 
European Stocks Edge Higher as Fed Rate Pause Bets Rise 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Oil Prices Steady as Strait of Hormuz Traffic Slows Amid US-Iran Conflict 
Dollar Slides as Soft U.S. Data Cuts Fed Rate Hike Bets 
Japan Economy Grows 1.1% in Q2 as Consumer Spending Stalls 
Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks 
Add as a preferred source on Google
Poland’s consumer price index data for June has confirmed that the country continues to see almost 1 percent deflation. Poland’s consumer price index inflation (CPI) was down 0.8 percent on a year-on-year basis. However, CPI rose 0.2 percent on a sequential basis due to a recovery seen in energy priced and food prices on the month.
Other components also recorded firmer results. For instance, package holidays registered a rise in price, likely due to a weaker zloty.
Poland’s core inflation is likely to be just a tad negative at -0.2 percent year-on-year in June, noted Commerzbank. Keeping the slight rise in June aside, no strong drivers are seen to drive inflation around in the medium-term.
Therefore, the Polish central bank, National Bank of Poland, is likely to lower rates further before the end of this year. The rate reductions are expected to be set off by the broadening differentials between euro zone yields and Poland’s benchmark rate, according to Commerzbank.
