Delivering a speech at the Air Force Institute of Technology on modernisation of the armed forces alongside the Deputy Defence Minister, PM Donald Tusk includes a comment that has garnered some attention. Says that "There is a big chance... there are many signs suggesting that the Russo-Ukrainian war will be at least halted in the nearest future. But it doesn't change our situation in any way. Poland has to be ready to defend itself, regardless of the situation on the Russo-Ukrainian front."
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Atlanta Fed’s Bostic (non-voter) on CNBC’s Squawk Box Europe: “I’m hearing more [businesses] say that they may not expect this whole thing [response to tariffs and other economic factors] to play out, to where they’re at their final strategy, till even 2026, so this could be a much more extended period than I think many expect,”
Bostic spoke to Reuters last week, reiterating his view for just one 25bp cut late this year.
A reminder that MNI has a livestream with Bostic later today at 1000ET/1500BST. You can register for an in-depth discussion on the economic outlook here: https://mni.marketnews.com/RaphaelBostic
In its June projections, the ECB projected real GDP at 0.2% Q/Q in Q2 and -0.1% Q/Q in Q3.