March 12, 2025 10:18 GMT
PLN: EUR/PLN Trades Flat Near 4.20, NBP Rate Decision Eyed
PLN
EUR/PLN is flirting with the 4.20 figure, last deals at 4.2008. A convincing break above the 50-EMA at 4.2018 would suggest that bulls could attack Feb 4 high of 4.2379. On the flip side, bears look for losses towards Feb 27 cycle low of 4.1272.
- The NBP will conclude its two-day monetary policy meeting today. There is no fixed time for the release of the rate decision and statement, which will include the main parameters of an updated macroeconomic projection. Governor Adam Glapinski will hold his press conference tomorrow at 14:00GMT/15:00CET. See our full preview here.
- Government officials confirmed that the flow of military aid to Ukraine through the logistical hub at the Rzeszow-Jasionka airport returned to previous levels after the US lifted a freeze on armament shipments.
- POLGBs have edged higher across the curve, with 5s outperforming. The WIG Index has added 1.1%, with the WIG20 Index last seen 1.1% higher.
149 words