The new US trade policy translates, among others Analysts pointed to strong decreases in raw materials, mainly energy prices.
“The most tangible example is the oil market, whose prices have dropped to levels that have been unpapped for four years, i.e. since the world came out of the Covid-19 pandemic. Today, timely contracts for Brent oil are slightly above 60 USD for a barrel. Therefore, the price of the barrel has decreased by 15 percent from the day of liberation. Similarly, the price of copper. The market price of gas has decreased from that moment by almost 10 percent.” – we read in the bank's daily report.
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“Assuming that the price of oil will stay around $ 60 for longer, according to our estimates In the horizon of the next 1-2 months (not immediately, because fuel stations, due to reserves, react to changes in oil prices) will translate into a reduction in fuel prices at gas stations by approx. 7 percent. The price of gasoline or diesel will approach PLN 5.60-5.70 per liter. The same in itself will reduce inflation by up to 0.35 percentage points. With the last pigeon, this can be another factor encouraging the advice to a greater reduction in interest rates at the next meetings. We see cutting feet in May and June by 50 pb at every meeting ” – we read further.
The bank reminded that today increased customs rates for goods from countries with which the United States have a commercial deficit have entered into force-among them is the European Union (20 % duties on all goods) and over 50 other countries. The spokeswoman for the White House informed that US President Donald Trump ordered his team negotiating “sewn -tailor -made trade contracts with each of almost 70 countries that have reported a desire to conclude an agreement.
