16:43 7 March 2026
Signs of panic in energy and bond markets in Poland, Czech Republic and Hungary
Polish government bonds experienced their biggest sell off since November 2022 as rising energy prices and geopolitical tensions in the Middle East triggered market panic. Investors fear that instability in the Persian Gulf, which supplies about one fifth of global energy resources, could push inflation higher and force central banks to raise interest rates. In five days the yield on Poland’s 10 year bonds rose by 0.5 percentage points, the largest increase in the EU. Similar moves occurred across Central Europe, which investors see as particularly vulnerable to energy shocks.
However, analysts note the situation differs from 2022 because Poland’s macroeconomic position is stronger, inflation pressures are lower and the risk of long term supply disruptions remains limited.
(pb.pl)
