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Citi: NBP Sold ~PLN6.7bn in December; Expects Less NBP activity in Early 2021

POLAND
  • Citi: NBP currency interventions to weaken the zloty in December were "relatively large" and worth around $6.7 billion in December.
  • Research based on banking sector liquidity data and FX reserves statistics shows the central bank intervened at five trading sessions between Dec. 18 & Dec. 31
  • with most activity focused on the last three days of the year
  • "We think the central bank will be less active in the market in early 2021 and we expect the frequency of interventions will fall,"
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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