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Polish Premier Says Policy Mix Aims To Strengthen Zloty

POLAND
  • POLISH PREMIER 'BELIEVES' ZLOTY WILL STRENGTHEN BY END-YEAR (BBG)
  • POLAND AIMS TO SHAPE POLICY MIX TO STRENGTHEN ZLOTY: PREMIER (BBG)
  • The Polish zloty, alongside the South African rand, stand as the strongest currencies in the EMEA space, with the latest headlines adding to earlier comments from NBP Governor Glapinski and board member Wnorowski. Glapinski said that the room for additional rate cuts has significantly narrowed before Wnorowski added that any further rate moves should be gradual following the drop in the zloty, and that further zloty weakening is not desirable.
  • EURPLN (-1.08%) continues to hover just above firm support at 4.5951, the Sep 8 low. USDPLN now trades 1.5% lower on the session eating into the post-NBP advance earlier this month.

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