#EURPLN @ 4.70290 to rise as further global economic slowdown weighs on the zloty – Danske Bank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
The zloty has not strengthened much despite the Polish central bank (NBP) hiking policy rates to 6.5%. Economists at Danske Bank see further upside potential on the EUR/PLN pair.
“Polish monetary tightening has been too slow in coming and too modest to curb the huge inflationary pressures. Furthermore, the global economic slowdown, the Ukraine war and USD strengthening have also hurt the PLN. With these effects likely to remain in place, we expect the PLN to weaken.”
“Forecast: 4.72 (1M), 4.74 (3M), 4.76 (6M), 4.76 (12M), 4.78 (end-2023).”
[/s2If]
Join Our Telegram Group
