EUR/PLN and USD/PLN price forecast for 2026, as per UBS - Investing.com Nigeria

What the desk is arguing

The desk asserts that projected price movements for EUR/PLN and USD/PLN will be influenced by numerous macroeconomic factors, as highlighted by UBS's analysis. This aligns with current market expectations where shifts in interest rates and inflation control by the National Bank of Poland (NBP) are pivotal.

UBS's forecast indicates that by 2026, significant price points for EUR/PLN and USD/PLN could reflect a robust PLN, underpinned by expectations of a more stable economic environment and potential shifts in global financial flows. Specific predictions may align with targets around 1.075 for EUR/PLN amid evolving investor sentiment towards emerging markets.

Where it sits in our coverage

Our internal consensus for EUR/PLN stands at 1.075, with individual firm targets suggesting a varied outlook. Notable forecasts include: - jpmorgan: 1.10 - bofa: 1.04

This outlook positions our desk firmly within the range presented by other analysts, lending credence to a moderately bullish stance on the PLN relative to both the EUR and the USD.

How other firms see it

Liquidity-driven firms, including jpmorgan, are aligned with the desk's positive view on PLN strength, while bofa presents a bearish contrast, expecting the currency to pull back to levels around 1.04. The divergence in views underscores the complexity of Poland's economic landscape and responses to European financial conditions.

Factors such as central bank policies regarding interest rates, inflation trends, and broader economic recovery efforts in the Eurozone will be critical in shaping expectations for PLN against both EUR and USD.