Polish Zloty: Dovish NBP stance weighs on PLN – ING
The post Polish Zloty: Dovish NBP stance weighs on PLN – ING appeared on BitcoinEthereumNews.com. ING’s Frantisek Taborsky expects the National Bank of Poland (NBP) to keep rates at 3.75% through year-end, with easing delayed until policymakers gain confidence on inflation. He highlights a narrowing rate differential, stronger Dollar and recent EUR/PLN gains toward 4.29–4.30, arguing that potential rate-cut signals could create further upside for EUR/PLN as the debate intensifies after summer. Rate cut debate and zloty pressure “The National Bank of Poland will likely leave rates unchanged at 3.75% today, which is our baseline until the end of the year. More interesting today will be the new NBP forecast and statement and tomorrow’s press conference. The easing cycle in Poland was interrupted by turmoil in the Persian Gulf, but policymakers will require greater confidence in a favourable inflation outlook before resuming monetary easing.” “So far, the decline in inflation has largely b