Inflation in Poland should decline in the medium term and there is no need to start a cycle of interest rate hikes, central banker Cezary Kochalski said, adding that rates may remain unchanged until the end of the term of the Monetary Policy Council (MPC) early next year.
Hungarian Prime Minister Viktor Orban said on Wednesday a proposed global minimum corporate tax is "absurd" and his government would need to consider contingency plans if the initiative goes through.
Group of Seven leaders were trying to resolve differences over a proposal to reallocate $100 billion from the International Monetary Fund's warchest to help countries struggling to cope with the COVID-19 crisis.
France said on Sunday it would provide Egypt with some 1.8 billion euros ($2.2 billion) in financing for projects including the Cairo metro, power generation and water management, in what officials called a major boost to bilateral cooperation.