#EURPLN @ 4.52814 to rise again towards 4.75 – Commerzbank
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Economists at Commerzbank have changed their EUR/PLN forecast path only slightly lower.
“We forecast the Euro to remain strong through 2023, but weaken once again during 2024.”
“Given the Zloty’s high-beta relationship to the Euro, we see EUR/PLN rising again towards 4.75 as inflation in Poland will likely remain stubbornly above target.”
“Our base-case remains that inflation will moderate noticeably over the coming quarters, but not converge fully to target, hence we see 2024 as a potential Zloty-negative period.”
Source: Commerzbank Research
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