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Deputy Finance Minister Echoes Comments Flagging 4.40-4.60 EUR/PLN Range As Optimal

POLAND
Poland's Deputy Finance Minister Artur Sobon writes on his X account that "a stable zloty is very important for the government. The level of the zloty between 4.40-4.60 to the euro supports exports but also the decline in inflation. Poland's economy has strong fundamentals and the government showed in 2022 that it has the tools, such as a temporary drain of liquidity."
  • This falls in line with earlier comments from state fund PFR head Pawel Borys, who also referred to the 4.40-4.60 range for EUR/PLN as "optimal" and pointed to the tools available to the government.
  • By contrast, Sobon had earlier told public radio that there was no reason to be "overly concerned" about the zloty due to its strong appreciation earlier in the year.
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