Poland - Factors to Watch on Oct 26

WARSAW, Oct 26 (Reuters) - 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):

RATES

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.

ING CEO RESIGNS

Brunon Bartkiewicz, chief executive of ING Bank Slaski
SLAS.WA -- a Polish unit of ING Group NV (ING.AS) -- resigned
from the position, the bank said in a statement on
Monday.[ID:nLQ58052]

CO2

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.[ID:nT289664]

YEN-BONDS

Poland will issue three-year and five-year Samurai bonds in
November, documents filed with Japanese financial authorities
showed on Monday.[ID:nT284639]

T-BILLS

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

DATA

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.[ID:nLN334407]

RATE CUTS

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.[ID:nLN347881]

NOTE - For a diary of forthcoming events see [PL/DIARY] and
a calendar of east European economic indicators see
[CONV/DIARY].

For other related news, double click on:
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