Economists at Société Générale analyze EUR/PLN outlook ahead of central bank meeting in Poland.
We pencil in a 25 bps rate cut today in Poland to 5.50% after inflation slowed to 6.5% in October from a peak of 18.4% in February. This should cede the advantage to the NBP doves. Our house view subsequently is for a status quo until June 2024.
We remain upbeat on the PLN vis-à-vis other CEE4 currencies in the aftermath of the general election and looming transfer of nearly €35bn of EU funds.
Our revised forecast for EUR/PLN by year-end is 4.35 vs. 4.60 previously.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.