ING Euro To Polish Zloty Forecast: EUR/PLN To Stay Rangebound Around 4.83 - Exchange Rates Org UK
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ING Euro To Polish Zloty Forecast: EUR/PLN To Stay Rangebound Around 4.83 Exchange Rates Org UK
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EMEA FX Talking: Zloty weakness looks temporary
The current outlook for the Polish zloty (PLN) suggests that its recent weakness is likely to be temporary. Per the full note from ing-think, the dovish stance of the National Bank of Poland (NBP) has pressured the PLN, with EUR/PLN recently testing the 4.35 mark, its highest level in over 18 months. However, factors such as projected EU fund inflows in the latter half of 2026 and strong GDP growth indicate that underlying fundamentals may not support a sustained depreciation of the zloty. Analysts believe that while the NBP's dovish tone raises the possibility of rate cuts, significant resistance remains to implementing them anytime soon, keeping our forecast for EUR/PLN trending back toward 4.25 for the next year.
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