#EURPLN @ 4.68319 will fall back to 4.60 by end-2023 – TDS
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In Poland, economists at TD Securities see EUR/PLN stabilize around 4.60.
“PLN could weaken somewhat in Q1 2023 on peak inflation and peak recession risks. However, over the long term, we continue to hold a positive view on Zloty and think that EUR/PLN will fall back to 4.60 by the end of 2023.”
“The NBP started hiking much earlier than the ECB, therefore front-loading the effects of monetary tightening, and will likely continue to reap its positive effects down the line.”
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