Poland - Factors to Watch December 18

Erste Bank AG

18/12/2025 07:08

WARSAW, Dec 18 (Reuters) - The following are significant news stories, press reports and events on Thursday. ALL TIMES GMT (Poland: GMT + 1 hour):

INTEREST RATES

Member of the Polish Monetary Policy Council (MPC), Ludwik Kotecki, reiterated that the MPC may postpone further interest rate cuts to March or April, Rzeczpospolita daily reported.

CRYPTO-ASSETS

The Polish government has adopted a draft amendment to the law requiring crypto-asset exchanges and platforms to collect information about buyers and sellers of such assets, Puls Biznesu daily reported.

ANTI-PERSONNEL MINES

Poland has decided to start producing anti‑personnel mines for the first time since the Cold War and plans to deploy them along its eastern border and may export them to Ukraine, the deputy defence minister told Reuters.

EU SAFE PROGRAMME

Poland is prioritising the reinforcement of its own army over joint European purchases under the European Union's SAFE programme, with most funds set to go to domestic firms, a Polish official said.

ELECTRICITY TARIFFS

The average electricity price in Poland's approved tariffs will be 495 zlotys ($137.93) per megawatt-hour (MWh) net from January 1, 2026, the head of energy regulator URE, Renata Mroczek, said on Wednesday.

POLISH BANKS

The maximum amount Polish banks will be able to pay as dividends is 75% of their 2025 profit, financial regulator KNF said on Wednesday.

SANTANDER BANK POLSKA

The Polish financial regulator (KNF) has given a green light to Erste Group Bank AG's ERST.VI purchase of a controlling stake in Santander Bank Polska SPL1.WA, it said in a statement on Wednesday.

ENERGA

Poland's financial watchdog KNF said on Wednesday it had taken legal steps over suspected market abuse in the trading of Energa ENGP.WA shares, including possible insider dealing and unlawful disclosure of inside information.

DATA

On Thursday, the Polish Statistical Office will release data on industrial production in November, which, according to analysts surveyed by Reuters, increased by 2.7% year-on-year, compared to 3.2% in October.

The market will also learn about wage data from last month. Economists forecast that their growth rate slowed to 6.2% from 6.6% in October.

****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****

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 (Reporting by Pawel Florkiewicz)

 ((pawel.florkiewicz@thomsonreuters.com;))