Audio analysis 03.08.2015

, author:

Marcin Lipka

A change in the employment cost could have been distorted in Q1 and now the trend of 2% year on year is coming back. The rouble remains under significant pressure of the crude oil prices. It has already lost 20% of its value since the beginning of the year.

Marcin Lipka, analyst

This audio analysis is not a recommendation within the meaning of Regulation of the Minister of Finance of 19 October 2005. It has been prepared for information purposes only and should not serve as a basis for making any investment decisions. Neither the author nor the publisher can be held liable for investment decisions made on the basis of information contained in this commentary. Copying or duplicating this report without the written permission from Sp. z o.o is prohibited.

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