Poland - Factors to Watch on Dec 10
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):
Fiat Auto Poland plans to cut one third of its workforce in Poland, where it makes its popular Fiat 500 minicar, as a sales slump that has forced automakers to shut plants in Western Europe hits one of Fiat's most productive factories.
Poland's government will on Tuesday discuss Fiat's plans to cut jobs, Deputy Prime Minister and Economy Minister Janusz Piechocinski was quoted as saying by Rzeczpospolita.
Poland's central bank should not take a breather in further monetary policy easing and another interest rate cut as soon as next month is "rather certain," a central banker said.
Adam Glapinski, seen as the bank's most hawkish policymaker, also told reporters he would opt for a pause after a possible cut at the start of 2013.
Another member of the rate-setting panel Elzbieta Chojna-Duch, known for its support of policy easing, told broadcaster TVN CNBC on Monday that the lack of inflationary pressure allows to think about rate cuts deeper than by 25 basis points.
For other related news, double click on: Polish equities E.Europe equities Polish money Polish debt Eastern Europe All emerging markets Hot stocks Stock markets Market debt news Forex news For real-time index quotes, double click on: Warsaw WIG20 Budapest BUX Prague PX ($1 = 0.7650 euros) ($1 = 3.1575 Polish zlotys)
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