Złoty to likely to remain under pressure until at least next week

With no rate change expected, investors are likely to focus on comments made by RPP members which accompany their decision, which may provide clues about how dovish the new council will be. This week's meeting will be the first one attended by all nine new members of the 10-seat RPP. Next week, the PO is expected to announce whether it will back the government's plans to overhaul public spending, and it is fears that the plans will be watered down that have been the main reason for the recent weakness of the złoty. (Rzeczpospolita, p. B1-B3; www.biznes.onet.pl) A.Z.