Trump's accurate game, the next ATH gold and the Kremlin terrified by the drop in oil prices

A week is behind us full of emotions – from the crash through increases to re -falls. A lot is happening in the world economy, and Donald Trump changes his mind almost every day. We invite you to an economic summary of the week in charts.

With the help of high tariffs that have not been seen for a hundred years, President Donald Trump intends to remodel the American and global economy. However, customs are only a tool in a game whose purpose or rules we can only guess.

In March, the Monetary Policy Council appeared as a group of monetary hawks with the president of the NBP Adam Glapiński at the forefront. However, pretending to be over and the new narrative clearly indicates that we are dealing with pigeons that will cut interest rates in May. Investors are wondering how the ornithological transformation of the MPC will affect the banking sector, the most important on the national stock exchange. Experts, however, calm down and even say that banks are very well prepared for cuts.

In March, CPI inflation in the United States has unexpectedly dropped, but still remained above the 2 % target of the federal reserve. Economists suspect, however, that in the following months inflation may increase due to customs President Trump.

A rapid decline in oil prices on global markets pulls URAL's Russian oil rating. This causes more and more fears in Moscow about this year's state budget, strongly dependent on the revenues of raw material exports.

The escalation of the trade war between the United States and China has contributed to a rapid increase in gold prices. Only for the last 48 hours the royal metal has increased over $ 200 on the ounce.

After March purchases, the share of gold in Polish foreign currency reserves exceeded the target level of 20%. The National Bank of Poland probably already has nearly 500 tons of gold.

The total loss of customers on the Forex market in Poland exceeded PLN 2 billion and accounted for over 4 times the total value of customer profits, results from the data presented by the PFSA. The statistics seem interesting, which shows a large increase in the number of players, both gaining and lossy. The vast majority of market participants still lose.

According to the data of the Ministry of Finance in 2024, PLN 10.6 billion was paid. Belka tax. It is almost PLN 1.5 billion more than in 2023. Only due to taxation of bank deposits and funds of funds, revenues increased by nearly 20 percent. The Minister of Finance confirmed in an interview on Polsat TV that in April he will present another proposal of changes.

With each subsequent quarter from the leader of increasing the prices of apartments in the European Union, Poland moves towards the most stable markets – according to Eurostat data for the fourth quarter of 2024. The apartments are the most expensive in Bulgaria, Hungary and the Iberian Peninsula.

2024 did not bring employment reduction in mass banks. Over the past twelve months, the employment status in the industry has increased to over a thousand people. This is not much, but in recent years banks have reduced employment by several thousand jobs a year. However, branches are still decreasing, and banks are looking for specialists in new technologies for the work.

Unpaid fines for riding “on Gapa” by public transport, arrears for telephone services, installments for loans for the purchase of equipment or for insurance policies when buying the first cars – these are the main debts of the youngest adults. It turns out that their debt increases at a rapid pace.

Jm

Source: